Strong uptrend on the hourly $CYS has run from the 0.65 area up to 0.79 before pulling back. Currently at 0.7289, retesting the breakout zone after the recent surge.
Why: Price swept the 0.12620 high, got rejected with upper wicks, and has failed to reclaim that level across multiple retests (6h, 4h, 2h, 1h charts all show the same rejection pattern). That's a liquidity grab + distribution signature, not continuation strength. Volume is also fading off the pump candle.
Trade: - Short entry: 0.1195–0.1210 - SL: 0.1275 (above the sweep high) - TP1: 0.1090 - TP2: 0.0900
Risking ~7% to make ~9-25%, so R:R is on your side even though win-rate on setups like this is never guaranteed.
If price reclaims and holds above 0.1262 with strong volume, that invalidates the short don't fight that if it happens.