$CYS BUY THE BLOOD OR FALLING KNIFE?

I’ve been watching Cysic ($CYS) all day, and this 4H chart is brutal. We just nuked -28.8%!

My Quick Take:

RSI(6) is at 18.6:  We are in extreme "Oversold" territory. A relief rally to the $0.46 MA(7) is overdue. The Floor: We just wicked to $0.399. If this holds, it’s a massive "Buy the Dip" play. If it breaks?

See you at $0.35.

I’m personally waiting for a 1H candle to close above $0.41 before I even think about an entry.
#Cys #Cysic