CYS faces downward pressure, mixed bullish and bearish signals require caution

Current Pattern Analysis

CYS has recently shown clear signs of downward pressure, with a bearish technical outlook. From multiple technical indicators, MACD, stochastic(Stochastic), vortex(Vortex), and momentum(Momentum) all indicate weak signals, laying the foundation for subsequent downside risk. However, it is worth noting that RSI and DMI indicators have captured some local demand signals, but these signals are not strong enough to reverse the overall bearish trend.

Key Price Ranges

Based on on-chain data and technical analysis, resistance levels are mainly concentrated at 0.3958, 0.4000, 0.4074, and 0.4197 USDT. There is significant selling pressure between 0.4074 and 0.4197. If the price re-tests 0.3958 but fails to gain strong upward momentum, it may trigger more aggressive sell-offs.

Support levels are distributed at multiple tiers: 0.3798, 0.3621, 0.3541, 0.3476, and 0.3410 USDT, providing reference points for potential bottoming.

Trading Strategy

From an operational perspective, the core strategy is to look for short entry opportunities on retracements within the 0.3958-0.4000 range. Initial targets can be set at 0.3798, followed by attention to 0.3621 and 0.3541. However, before entering, confirmation through shorter time frame patterns such as pin bars, false breakouts, and other signals should be used to improve success rates.

Stop-loss is recommended just above the recent high at 0.4074. Once the price breaks through and stabilizes above 0.4074, the original bearish logic will be invalidated, and a shift to bullish outlook should be considered. This dynamic adjustment mechanism can effectively mitigate risks associated with a one-sided mindset.