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Most traders will buy SKYAI at 0.220—I’m waiting for it to fail.
$SKYAI /USDT - SHORT
Trade Plan:
Entry: 0.21568 – 0.22484
SL: 0.26427
TP1: 0.18726
TP2: 0.16525
TP3: 0.13225
Why this setup?
RSI on 15m is oversold at 31.81, but the 4h bias is short with 55% confidence. Price is range-bound on the daily, and the 1h ATR of 0.0183 suggests low volatility traps. Why now? The entry zone at 0.22026 sits below the invalidation level of 0.23355—any rejection here targets TP1 at 0.18726 first.
Debate:
Is this a dead cat bounce before the dump, or do you see a fakeout to the upside?