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I only wanted to grab some breakfast, but the order book first took care of the work for the shorts. At the start of the morning session, when the market was just getting dumped, $CYS started loosening from the high point downward, and the lively rebound finally showed signs of fatigue.
A few days ago, I was watching CYS at midnight. What I saw was clear resistance overhead—several times it surged higher but fell short, and the volume still couldn’t catch up. When I saw this kind of low-volume rally, what I advised wasn’t chasing longs, but waiting until the follow-through/consolidation failed, and then opening longs once the support broke.
The entry reference was around 0.5173. The current price has come to 0.3009. This time, the short position was realized for +823.67%. The answer is already right there on the chart—if you time it right, it really feels good.
Put the big portion into your pocket first: close 80%. The remaining 20% continues to protect at cost; if it keeps selling off further, let the profits run. Even if it bounces back, don’t spit back the gains you already locked in.
Being in no position isn’t a crime—recklessly opening trades is the mistake. Friends who haven’t boarded yet, don’t rush to chase. Wait for the next wave of signals, and the opportunities will always be there; patience matters more.
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