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Is SKYAI's rebound just a trap? The 4-hour level has already flashed red.
$SKYAI /USDT - SHORT
Trade Plan:
Entry: 0.05085 – 0.05187
SL: 0.05626
TP1: 0.04769
TP2: 0.04524
TP3: 0.04157
Why focus on this structure?
- RSI 15-minute at only 41.33, momentum is weak, 4-hour trend is bearish.
- Current price 0.05136, hugging EMA resistance, TP1 below at 0.04769, room for over 7%.
- Why now? RSI is not oversold, bearish energy has not been released, high probability of a bull trap.
Discussion:
Will it reach TP1 first this time, or spike and bounce directly?