CYS PLUNGES THROUGH KEY SUPPORT ๐ง๐
A breach of the $0.185 order block on the 4โhour chart ignited a wave of sellโside pressure that pulled
$CYS down 15.3% in the last 24โฏhours ๐ง. Volume spiked to $23โฏM, indicating that institutionalโscale distribution is overwhelming the remaining retail buying, while the MACD histogram turned sharply negative and RSI slid beneath 35, confirming accelerating bearish momentum ๐.
The price is now testing the $0.17316 support zone, a level that has held during previous pullbacks but showed cracks as the 1โhour low breached $0.1725. This suggests the move may be more than a healthy correction; the underlying structure is eroding, and the order flow is targeting deeper liquidity pools โ ๏ธ. If the support collapses, the next downside corridor aligns with the $0.158โ$0.152 band observed on the daily chart.
Should
$CYS manage to hold above the $0.1732 floor, the $0.19395 midโrange area could act as a modest rebound target, while a clean bounce might reโestablish the $0.2145 resistance as a shortโterm ceiling.
Levels to monitor:
Watching support around $0.1732
Structure suggests resistance near $0.2145
Mid range area: $0.1939
DYOR
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