Be careful with $SKYAI ... On the 15-minute chart, it is showing recovery. If it happens, it can hit SL quickly, so that's the reason I recommend shifting the trailing SL to 17 or 174. If the price breaks out above MA25, it's not good for short positions.



I am keeping my SL at 17400 💯
If you don't want to take risk, set SL at entry or 17 👍
SKYAI-16.69%
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CryptoSat
⚠️ SKYAI UPDATE

The structure is starting to change.

After printing a local low around 0.1625, buyers stepped in aggressively and pushed price back above MA7 on the 15-minute chart. MACD has flipped bullish on the lower timeframe, and RSI recovered sharply from oversold territory, showing that selling pressure is weakening.

For now, I would not recommend opening fresh short positions at current levels. The risk-to-reward is no longer attractive after the recent downside move.

Key things to watch:
• 0.1710 - 0.1740 is now the critical resistance zone.
• Price is currently testing MA25 resistance on the 15-minute chart.
• A successful breakout above this area could trigger a stronger relief rally.
• Failure to break above it may keep the broader bearish trend intact.

🔴 Strictly maintain stop loss at 0.1710 or 0.1740 depending on your risk tolerance.

The higher timeframes are still bearish, with price trading below MA99 and MA200, but the 15-minute chart is showing the first signs of a potential reversal attempt.

At this stage:

❌ No new entries.

✅ Manage existing positions.

✅ Protect profits.

✅ Wait for confirmation before making the next move.

Patience is a position too. Right now the chart is transitioning from strong bearish momentum into a possible reversal zone, and chasing trades here could easily get trapped by volatility.
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