momentum is showing some weakness after longs were flushed, giving sellers a short-term advantage.
$CYS — SHORT
Entry: 1.1780 – 1.1850
SL: 1.2050
TP1: 1.1600
TP2: 1.1450
TP3: 1.1250
TP4: 1.1000
The $2.4434K long liquidation at $1.17753 shows that leveraged buyers were forced out around this area. As long as price remains below the resistance zone, another move lower remains possible. If price has already dropped sharply, waiting for a pullback may offer better risk management than chasing.
#BinanceSquareTalks #Crypto #Trading #altcoinseason #cryptotrading
$CYS — SHORT
Entry: 1.1780 – 1.1850
SL: 1.2050
TP1: 1.1600
TP2: 1.1450
TP3: 1.1250
TP4: 1.1000
The $2.4434K long liquidation at $1.17753 shows that leveraged buyers were forced out around this area. As long as price remains below the resistance zone, another move lower remains possible. If price has already dropped sharply, waiting for a pullback may offer better risk management than chasing.
#BinanceSquareTalks #Crypto #Trading #altcoinseason #cryptotrading