๐ Pair: $CYS /USDT
๐ Timeframe: 1-Week Swing Trade
๐ Plan Valid: December 14 โ December 21, 2024
โ Entry Zone:
0.3100 โ 0.3250
*(Pullback into support after a +20.31% rally)*
๐ฏ Take-Profit Targets:
TP1: 0.3450
TP2: 0.3560
TP3: 0.3800
๐ Stop Loss:
0.2750
(Below 24h low of 0.2844 for safety buffer)
๐ Key Levels:
Support: 0.3100 โ 0.3000 โ 0.2844 (24h Low)
Resistance: 0.3560 (24h High) โ 0.3700 โ 0.3800
๐ง Strategy & Rationale:
CYS has gained +20.31% with healthy volume (163.87M CYS / $53.05M USDT). The price is currently consolidating near 0.3353 after approaching the 24h high of 0.3560.
A pullback to the 0.3100โ0.3250 zone would offer a favorable risk/reward entry for a swing toward and beyond the recent high over the next week.
Why this setup works:
Clear uptrend with higher highs and higher lows
Volume supports sustained buying interest
Well-defined support/resistance levels
Pullback entry reduces risk vs. buying at the top
Risk Management:
Use 2โ3% of capital per trade
Scale into the position across the entry zone
Move stop loss to entry once TP1 is hit
Take partial profits at each TP level
๐ Setup Type: Pullback Buy in Uptrend
โ๏ธ Risk/Reward: ~1:3
โ Confidence: Medium
๐ Trade with disciplineโstick to your plan, manage risk, and avoid emotional decisions.
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