CYS has been quite interesting these days. Starting from $0.3410, it rose for 7 days to reach a high of $0.4197, with an increase of nearly 18%, indicating that the bulls are quite ambitious. But the problem is, after encountering selling pressure at high levels, it’s starting to struggle.

Currently, the price has fallen back to around $0.3739, down 4.25% intraday. The 24-hour trading volume exceeds 36.44 million USDT, with a turnover of 93.21 million. Interestingly, the volume actually increased during the decline, which suggests that profit-taking is happening. The previous high of $0.4197 has now become a short-term resistance level, which is a warning sign.

From a trading perspective, if you want to participate in the rebound, don’t rush to buy the dip. Wait until the price rebounds to the $0.3900-$0.4000 range and confirms that it has stabilized above the recent key resistance level. At that point, a small position to test the waters would be more prudent. Set your stop-loss at $0.4000; a break above this level indicates that the short-term downtrend may ease.

The logic for shorting is clearer. The first target is $0.3600, the second target is $0.3500, and if the downtrend shows no signs of stopping, $0.3400 is also within the possible range.

Honestly, the bulls’ capacity to support the price is quite weak right now. This recent high-level pullback looks more like normal profit-taking, but the short-term bearish pattern is already quite evident. As long as the $0.4000 level holds, there’s no need to change the bearish outlook. Those looking to buy the dip should abandon that idea; the risk is too high. It’s better to wait for clear signs of stabilization. For shorts, don’t chase blindly; wait for a rebound to the resistance level before entering, which will give a better chance to profit from the downward trend.