$CYS
/USDT SHORT TRADE SETUP - Failed Breakout & Downtrend!
$CYS is currently trading at 0.2911, showing strong bearish momentum. The price dropped sharply after failing to sustain momentum above the 0.32 resistance and has now broken below both the MA(7) at 0.2940 and the MA(25) at 0.3051. The current price is near the 24-hour low of 0.2683, and the clear downtrend visible on the 15-minute chart suggests a continuation of the selling pressure.
Target Points (TPs)
TP1: 0.2850 (Targeting the recent swing low)
TP2: 0.2780 (Re-testing the strong support/consolidation zone)
TP3: 0.2690 (Targeting the 24h Low of 0.2683)
Stop Loss (SL)
Set stop loss above 0.3050 (Placing it above the MA(25) and the recent consolidation high to protect against a reversal).
Sell and Trade here on $CYS
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