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$CYS trapped within a descending channel while sellers refuse again! 📉
Entry: 0.654 - 0.660 ⚡
Target: 0.600 - 0.5319 🎯
Stop Loss: 0.7072 ⚠️
Sellers are still fully in control, as
$CYS sticks to the bearish channel, continuing to carve lower highs and lower lows after being rejected at 0.8508. 📉 The breakdown below 0.7606 opened the gates for further decline, and this last bounce provides an excellent retest of overhead resistance rather than a structural reversal. 📊
As long as price remains confined below 0.7072, momentum strongly favors the continuation of the drop toward the liquidity near 0.5319. 🌊 The risks are precisely defined, making a retest of this channel a high-probability setup for further downside expansion. 🔍 Are you trading the bounce on the sell side (selling) with this dead-cat bounce, or waiting for a decisive support break? 👇
⚠️ Not financial advice. Always consider your risks. 🛡️
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#CYS #ShortSetup #BearishChannel #Crypto 🐻 📉