Trade plan.


$CYS #GateCardUpTo8%Cashback

Critical Observation:

· J-line at -10.20 (deeply oversold).
· WR (Williams %R) at -100.00 across all periods—extremely oversold.
· Price is sitting exactly at the 24h Low (0.2975) with no lower wick shown.

This is a textbook bounce setup. The selling pressure is exhausted, but volume is very low (157K CYS)—so recovery may be slow.

1. The Outlook

· Trend: Bearish, but severely oversold.
· Momentum: Extreme capitulation—bounce probability is high.
· Verdict: High-probability long scalp with tight risk.

2. Entry Strategy (The Bounce)

· Trigger: Wait for a 15-minute candle close above 0.2985 (confirmation that selling is stalling).
· Entry Price: 0.2985 – 0.2990.
· Alternative: If you're aggressive, enter at market 0.2975 with a very tight stop.

3. Stop Loss (SL)

· SL Price: 0.2955 (below the 24h low, allowing for a fakeout).
· Risk: ~1.0% from entry.

4. Take Profit (TP)

· TP1: 0.3010 (MA30/EMA30 resistance zone).
· TP2: 0.3030 (mid-range recovery).
· Action: Take 60-70% at TP1, move SL to breakeven, let rest run to TP2.

5. If Bounce Fails (Contingency)

If price breaks 0.2965 with volume:

· Short Entry: 0.2960.
· TP: 0.2920.
· SL: 0.2990.

6. Risk Management

· Position Size: Use normal size—this is a clean oversold setup.
· Max Risk: 1.5% of portfolio.
· Time Horizon: Minutes to a few hours (scalp).

☕️Final Verdict

Buy the bounce at 0.2985–0.2990. SL at 0.2955. TP at 0.3010. This is one of the cleanest oversold setups you'll see—execute with confidence but respect the stop. Do not hold if it breaks lower.
CYS-5.35%
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Long_zane
· 3h ago
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