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【$SKYAI Signal】Pullback after multiple touches on the 1H Bollinger Bands
$SKYAI 4H Bollinger Bands upper band at 0.6140 has been broken; the current price is 0.62044, but the 1H MACD histogram has been continuously shrinking, showing momentum decay. The buying order book depth is higher than 1.60, and there are dense resting orders below. A pending order set around 0.61734 is waiting for funds to re-enter and push the price higher.
🎯 Direction: Long
⚡ Entry/Order: 0.61734
🛑 Stop Loss: 0.35153
🚀 Target 1: 0.64573
🚀 Target 2: 0.74379
🛡️ Trade Management:
- Execution strategy: After reaching Target 1, reduce 50% of the position, and move the stop loss up to breakeven. If the price drops back to the entry level, automatically exit to protect the principal.
A pullback to 0.61734 corresponds to the 1H Bollinger Bands middle band. RSI on the 1H is 65.59 and has not yet become overheated; the 4H RSI is 71.51, in a strong zone. The funding rate of 0.0806% is moderate, and the battle between bulls and bears is not extreme. Although the risk-reward ratio is low, the stop loss is extremely wide, leaving room for the trend trade.
Check real-time market 👇 $SKYAI
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