SKY has recently shown a good short-selling signal on the 4-hour timeframe. From a technical perspective, several key factors point to downward pressure.

**Current Price and Entry Strategy**
The price is hovering around 0.0641, reaching the upper area of the recent range (approximately the first 25% of the range height). In accordance with risk management principles, a light position is recommended, with each trade controlling around 0.7%. Set the stop loss at 0.0658, with a risk of about 2.69%. This setup provides a reasonable buffer for price rebounds.

**Technical Indicator Support**
The RSI has entered the overbought zone (above 65), indicating short-term overheating. Interestingly, the 0.0641 level itself is quite strong, having been tested 29 times historically, with a technical strength of 60%. Coupled with the performance of key moving averages, this forms a relatively clear resistance.

**Expected Targets**
If the short-selling logic is valid, the first target is around 0.0615 (reward-to-risk ratio 1.5:1), the second target is around 0.0598 (reward-to-risk ratio 2.5:1), and a more aggressive target could be 0.0572 (reward-to-risk ratio 4.0:1).

**Market Conditions**
Current trading volume is subdued, with a volume ratio of only 0.2, indicating moderate market participation. The long-short ratio is 1.33:1, reflecting a neutral to slightly weak sentiment. In this environment, don’t expect a one-sided sharp decline, but there are still opportunities for range-bound shorting.

**Key Reminder**
The ADX strength is at 50.7, indicating some trend strength. However, since this is a ranging market, S-level signals are relatively scarce and require stricter discipline in execution. The signal is valid for 480 minutes (starting from 2026-01-17 21:47), after which re-confirmation is needed.

Cryptocurrency markets are highly volatile, so short-selling should pay close attention to risk—strictly set stop losses and avoid greed. This analysis is for reference only; please reassess based on your own risk tolerance before entering any trades.