is this $CYS bounce to 0.58 just a trap 📉
the bounce from 0.46 looked strong at first, but I am looking at what sits right above us.
there is a heavy sell cluster sitting around 0.60.
the other thing I noticed is volume. this bounce has much less volume than the dump that brought CYS down here.
that makes me really hesitant to chase this move. if price reaches 0.60 and starts showing weakness, I will be watching for a short.
for now I am not buying the bounce. I just want to see how price reacts to that sell wall first.
should we add another trade to our winning streak with this short, or are you buying the push? 😜
$TUT
the bounce from 0.46 looked strong at first, but I am looking at what sits right above us.
there is a heavy sell cluster sitting around 0.60.
the other thing I noticed is volume. this bounce has much less volume than the dump that brought CYS down here.
that makes me really hesitant to chase this move. if price reaches 0.60 and starts showing weakness, I will be watching for a short.
for now I am not buying the bounce. I just want to see how price reacts to that sell wall first.
should we add another trade to our winning streak with this short, or are you buying the push? 😜
$TUT
