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📉 $SKY – The downtrend continues across multiple timeframes.
🔴 $SKY SHORT
🎯 Entry: 0.05554 – 0.05563
🛑 Stop Loss: 0.05670
🎯 TP: 0.05386 - 0.05308 - 0.05225
🧠 Plan & Logic
The downtrend is evident across 1 day, 4 hours, 1 hour, 15 minutes, and 5 minutes, with a clear lower-high and lower-low pattern on the 1-hour chart. Price action is reacting near an important level, so risk management matters here. The setup depends on confirmation around the entry zone and follow-through after the move.
Trade $SKY here 👇 📉 🔻