$CYBER The 5-minute chart shows that after retreating from the high of 0.3950, the price has now fallen below the cluster of EMA7 and EMA25 moving averages. The MACD has formed a high-level death cross, and the green bars are growing, indicating that short-term bearish momentum is dominant. The current price of 0.3511 is stuck in the middle, neither here nor there. Chasing a short position now could easily result in a loss if the price rebounds, so wait for a rebound to confirm resistance or for a deeper drop to test major support.
Here are two possible strategies:
Strategy 1: Short if the rebound meets resistance at the moving averages (preferred; follows the short-term pullback)
✔️ Entry range: Wait for the price to rebound to the 0.355 ~ 0.36 area before opening a short position
☑️ Take profit:
1️⃣ 0.338
2️⃣ 0.3129
❌ Stop loss: 0.365
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Strategy 2: Go long after a deep drop tests major support (defensive; betting on an oversold rebound)
✔️ Entry range: Wait for the price to pull back to the 0.313 ~ 0.32 area before opening a long position
☑️ Take profit:
1️⃣ 0.338
2️⃣ 0.355
❌ Stop loss: 0.308
Here are two possible strategies:
Strategy 1: Short if the rebound meets resistance at the moving averages (preferred; follows the short-term pullback)
✔️ Entry range: Wait for the price to rebound to the 0.355 ~ 0.36 area before opening a short position
☑️ Take profit:
1️⃣ 0.338
2️⃣ 0.3129
❌ Stop loss: 0.365
---
Strategy 2: Go long after a deep drop tests major support (defensive; betting on an oversold rebound)
✔️ Entry range: Wait for the price to pull back to the 0.313 ~ 0.32 area before opening a long position
☑️ Take profit:
1️⃣ 0.338
2️⃣ 0.355
❌ Stop loss: 0.308