A few days ago, the chart looked like it was deliberately pretending to be strong. But the moment the session opened in the morning, its true color showed immediately. Before the market had fully started, every time $CYS was pushed up, volume didn’t follow; once the price jumped to the upside, it was quickly pushed back, and the lack of follow-through/support was very obvious.



I watched the changes in CYS starting around 0.5173 and concluded this wasn’t a valid breakout, but rather a high-level loosening caused by nobody stepping in after it went up—so I followed the short-side plan to open a long position. By spotting weakness early, I wasn’t led astray by those few bullish spike candles.

The current price is 0.3026. Unrealized position realization is up 816.06%, and this move has delivered the result. First close for +816.6% so the profit is locked in; the remaining 94% stays under observation, with the protective stop moved to around the cost basis. If it continues to move down, let it run; if it rebounds, it still must not give back the gains.

Even if you only make one extra percentage point—as long as you can take it away, that’s yours. Even with more floating profit, if you don’t lock it in, it’s only a process. Chasing orders is easy to get stuck at the mountaintop; wait for the next signal before taking action—there will be opportunities afterward.

$BTC $ETH
CYS-0.98%
BTC-2.13%
ETH-1.83%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned