【$SKYAI Signal】Short squeeze structure established, pullback provides a buying opportunity

$SKYAI 1H level surges then consolidates, RSI skyrocketed to 82, indicating a break in buying momentum. The upper band of the 4-hour Bollinger Bands near 0.0691 shows selling pressure, but open interest remains stable, and funds have not exited en masse. The buy wall below at 0.0679 to 0.0680 is very thick, with a depth imbalance reaching 21%, clearly showing the main force's intention to defend the price. The 1-hour MACD fast and slow lines are still diverging upward, indicating ongoing momentum. This high-level consolidation seems more like digesting profit-taking rather than distribution.

🎯Direction: Long

⚡Entry/Order: Enter in batches around 0.0678 - 0.0682

🛑Stop loss: 0.0665

🚀Target 1: 0.0775

🚀Target 2: 0.0840

🛡️Trade management:
- Execution strategy: After the price reaches 0.0775, reduce half of the position, and move the remaining stop loss up to the entry price. If the price fails to hold above 0.0690 and falls back to the entry zone, consider exiting and observing.

The current funding rate is 0.076%, which is not extreme, but open interest remains stable after the price surge, indicating that the bears have not given up, and there is potential fuel for a short squeeze. The 1-hour moving averages are aligned bullishly, with the price strongly consolidating above the EMA20. The order book shows sparse sell orders above 0.0682 to 0.0683, indicating a small breakout resistance. The risk-reward ratio is close to 4:1, making this trade quite attractive.

View real-time market 👇 $SKYAI
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