CYS is currently trading at 0.3869 USDT, slightly above the balance level of its recent range but under bearish pressure. The hourly trend remains bearish, with indicators such as MACD, Stochastic, Vortex, and Momentum signaling weakness. Although RSI and DMI show some local demand, their signals are insufficient to alter the overall bearish outlook.
Key resistance levels are identified at 0.3958, 0.4000, 0.4074, and 0.4197, with potential selling interest between 0.4074 and 0.4197. Support zones are noted at 0.3798, 0.3621, 0.3541, 0.3476, and 0.3410. A critical area at 0.3958 could trigger aggressive selling if revisited without strong upward momentum.
The primary trading strategy suggests shorting upon a retracement to the 0.3958–0.4000 zone, targeting 0.3798 initially, followed by 0.3621 and 0.3541. Confirmation through patterns like pin bars or false breakouts on lower timeframes is advised before entry. A stop-loss is recommended above the recent high at 0.4074. If the price breaks and holds above 0.4074, the bearish scenario is invalidated, shifting focus to potential long positions.
CYS Faces Bearish Pressure Despite Local Demand Signals
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