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$SKYAI (1h) - Continuation of the pullback with a bearish trend
Bias: Bearish
Entry (Zone): 0.4750 - 0.4890
Targets:
TP1: 0.4450
TP2: 0.4050
TP3: 0.3650
Stop Loss: 0.5070
Why choose this setup:
I am looking for a short trade after a failed rally near the recent high area, as the trend has already been significantly stretched and the price is showing signs of rejection. If the price continues to lose momentum below 0.50, I expect a clean pullback and room for a deeper correction toward the previous support level.
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