$CYS /USDT SHORT TRADE SETUP
$CYS is showing strong bearish momentum on the 15-minute chart, currently trading at 0.2047. The price has experienced a sharp rejection from the high of 0.2462 and is clearly making lower lows, indicating that sellers are in control. It is nearing the 24-hour Low of 0.2007.
A break below the current level and the 24h Low is expected to trigger a continuation of the downtrend.
Target Points
Based on the current decline and potential support levels:
TP1: 0.2000 (Psychological level and just above 24h Low)
TP2: 0.1965 (Continuation target below the 24h Low)
TP3: 0.1920 (Lower support level)
Stop Loss
Set stop loss above the immediate resistance and the high of the most recent retracement candle:
Stop Loss: Set stop loss above 0.2180
Action
Consider a short entry on $CYS
at market or on a confirmed breakdown below 0.2020.
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