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0.0609 is the tombstone closing price of SKYAI, plunging 22% in 24 hours to a low of 0.0604. Longs were liquidated at 0.0825, now it's a game of fragile support levels.
Technically, the hourly MACD has formed a second death cross with DIFF falling below the zero line. RSI is oversold but without divergence, and bearish momentum hasn't been fully released. The key is whether 0.0600 can hold. If broken, the next support is around 0.0550, which is the previous monthly low.
My logic: In the 0.0600-0.0610 range, you can try a small long position with a stop loss at 0.0585, first target 0.0650, and if it breaks, then 0.0680. If it directly breaks below 0.0590, don't buy the dip; wait for the 0.0550 area to consider. Position size should not exceed 20%. Volatility is too high right now, and a daily volume of $25 million is no joke.
In this market, the one who gets itchy pays the price. I only trade according to my plan. If you trust me, click follow, and I'll give an early warning for the next top signal. Verification: Long order at 0.0609 has been placed.