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$SKYAI — Momentum Shift After Sharp Rejection ⚠️
Strong rally into 0.53 got aggressively sold off, forming a clear local top. The rejection was fast and heavy — signaling distribution rather than healthy continuation.
Price is now trading below key moving averages, with short-term structure turning bearish.
• Trend: Reversal after exhaustion move
• Momentum: Sellers in control after breakdown
• Structure: Lower highs forming post-rejection
Current zone is acting as a temporary support, but no strong base yet.
Key Levels:
Support: 0.32 – 0.34
Resistance: 0.38 – 0.40
If price reclaims 0.40 with strength, a relief bounce is likely.
Failure to hold 0.32 opens downside continuation.
Right now, it’s not about chasing — it’s about waiting for confirmation.
#WCTCTradingKingPK #USSeeksStrategicBitcoinReserve #FedHoldsRateButDividesDeepen