This chart looks very similar to overall crypto market. I can see right shoulder formation. I would love to see nice long green candle with high volume. MACD is very tight, which could be sign for a bigger move. Even though SYS is below MA’s, the support below is much stronger in my opinion. Overall, it’s still nice breakout of downtrend we had recently. Nice consolidation! I hope this reversed H&S will eventually get confirmed by upside breakout. Whenever that happens Im being patient and accumulating at any dip. We as well can get a failed breakout, which could shake out many weak hands and that’s what the smart guys (big money) are wishing for. They definitely won’t shake me up. I have learned my lesson many times before already and won’t make that mistake anymore. Every penny I invested I can afford to loose. This gives me confidence not to panic. But that’s not going to happen. As you mentioned “the odds are against that,...”.
Subscribing to best practice risk management has made all the difference for me too.
Would love to see a bear trap shakeout to culminate things too! From a technical standpoint more than anything. There's nothing better than a head fake continuation that ends in violent reversal!