📉 $CYS : Is the Correction Starting? Short Position Open! 🚨
After the recent pump, $CYS is showing signs of exhaustion. Looking at the 4H chart, the momentum seems to be shifting in favor of the bears. Here’s why I’m looking at a downward move:
🔍 Technical Breakdown:
Price Action: The price hit a local peak at 0.4399 and is now struggling to maintain its position above the EMAs. We are seeing a breakdown of the immediate support line.
MACD Divergence: The MACD is losing upward momentum and looking for a bearish crossover, suggesting that the buying pressure is fading.
Target Zone: I am targeting the 0.1600 level, which aligns with previous consolidation zones before the breakout.
💬 What’s your take? Will $CYS bounce or continue to bleed?
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