$CYS Price has suffered a major selloff from the 1.50–1.80 area and is now consolidating around 0.53. I would not chase the current candle; wait for confirmation.
Entry: 0.50 – 0.55
Prefer entry after a 4H bullish reaction/reclaim.
Stop Loss: 0.435
Targets:
TP1: 0.65
TP2: 0.80
TP3: 1.00
TP4: 1.25
Setup Rationale:
Price is sitting near a recent 4H support zone around 0.44–0.50.
The sharp selloff appears to be losing momentum near the lows.
Current consolidation can develop into a relief/swing bounce.
The first major confirmation would be a 4H close above 0.55–0.60.
If 0.65 breaks with strong volume, the higher targets become more realistic.
Invalidation: A decisive 4H close below 0.435 invalidates the long thesis.
Safer entry
Rather than buying immediately at 0.5312, I'd prefer:
0.50–0.52 sweep → bullish 4H reversal → reclaim 0.55 → enter.
Entry: 0.50 – 0.55
Prefer entry after a 4H bullish reaction/reclaim.
Stop Loss: 0.435
Targets:
TP1: 0.65
TP2: 0.80
TP3: 1.00
TP4: 1.25
Setup Rationale:
Price is sitting near a recent 4H support zone around 0.44–0.50.
The sharp selloff appears to be losing momentum near the lows.
Current consolidation can develop into a relief/swing bounce.
The first major confirmation would be a 4H close above 0.55–0.60.
If 0.65 breaks with strong volume, the higher targets become more realistic.
Invalidation: A decisive 4H close below 0.435 invalidates the long thesis.
Safer entry
Rather than buying immediately at 0.5312, I'd prefer:
0.50–0.52 sweep → bullish 4H reversal → reclaim 0.55 → enter.