$CYS - SHORT Setup
Entry: 0.3700 – 0.3780 (On a rejection after retesting the breakdown level/resistance zone)
Target 1:0.3400
Target 2:0.3230
Stop Loss:0.3850 (Above the key swing high)
My View:
CYS has shown weakness after being rejected from the$0.4050 high. The price is now consolidating below the recent breakdown level, indicating a shift from bullish to bearish momentum on the lower timeframes. The chart shows a potential lower high forming, and the price is struggling to regain lost ground. The order book shows significant sell walls above the current price. The overall structure suggests this is a distribution phase after the pump. I'm waiting for price to retrace into the $0.370–$0.378 supply zone (previous support turned resistance) and show a clear rejection to enter short, targeting a move down to the next support level.
Bias: Bearish below $0.3780. A break and hold above $0.3850 would challenge the bearish view.
Disclaimer:My plan. Not advice. Trade your own risk.
