DewyCandles

CYBERCONNECT IS EXHAUSTED - TIME TO BLOW OFF STEAM

Short
DewyCandles Updated   
BINANCE:CYBERUSDT   CYBER / TetherUS

CYBERUSDT have to blow off steam, it is really exhausted at this point having fought the $14-15 region for weeks and it keeps rejecting with a strong wick. I believe now is the time to retrace and only a very strong fundamentals or pure manipulation of price could make price go back to over $15 to take that huge weekly wick/rejection created at $15.2.

Now is the right time to a retracement 30% at least with all the major indicators (RSI % Volume) showing bullish exhaustion.


PREVIOUS ANALYSIS




OTHER ANALYSIS


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Trade closed manually:
CLOSED THIS POSITION AT BREAKEVEN due to the possible short squeeze scenario
Comment:
see update
Order cancelled:
this trade was closed at breakeven no exposure after posting the other possible scenario which I believe is in play
Comment:
we are indeed blowing off the steam CYBERUSDT

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