SKYAI/USDT Perp — Trade Plan


Current Snapshot
$SKYAI
Price: $0.17435 (+24.02% on the day)
24h Range: $0.13990 – $0.18313
Bollinger Bands (20,2): UP 0.17801 / MB 0.16989 / DN 0.16177
Chart Reading
Trend: Strong bullish momentum — price broke out aggressively and is now pressing the upper Bollinger Band, which signals overextension.
Structure: The candles near the ask (~0.17440) show indecision wicks after a near-vertical pump. Classic exhaustion signal at highs.
MAs: Both moving averages (MA5 & MA10 on volume) are rising, confirming trend, but price is far extended above the middle BB.
Trade Scenarios
🟢 LONG (momentum continuation)

Entry
Pullback to 0.16989 (mid-BB)
Stop Loss
Below 0.16177 (lower BB)
Target 1
0.18313 (24h high)
Target 2
0.19500+ (measured move)
R:R
~1.5:1
🔴 SHORT (mean reversion)

Entry
Current price ~0.17440 or rejection from 0.17800
Stop Loss
Above 0.18313 (24h high)
Target 1
0.16989 (mid-BB)
Target 2
0.16113 (chart support)
R:R
~1.8:1
Key Levels to Watch
Resistance: 0.17801 (upper BB), 0.18313 (24h high)
Support: 0.16989 (mid-BB), 0.16113, 0.15011
⚠️ Risk Notes
+24% in one day = high volatility, wide spreads, liquidation risk on perps
Avoid chasing at these extended levels — wait for a clear rejection or retest
Size down significantly given the volatility
This is not financial advice — manage risk first
SKYAI2.83%
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