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SKYAI's 4-hour bullish divergence, do you dare to catch this falling knife?
$SKYAI /USDT - LONG
Trade Plan:
Entry: 0.04317 – 0.04451
SL: 0.03543
TP1: 0.05015
TP2: 0.05435
TP3: 0.06066
Why pay attention to this structure?
- 4-hour LONG signal, confidence 77.4%, 1D trend oscillating, but RSI on 15-minute has reached oversold area at 32.91.
- Current price 0.04384, close to EMA support, entry low at 0.04317, stop loss clearly at 0.03543, risk-reward ratio near 3:1.
- Why now? Oversold bounce + bullish 4-hour structure, TP1 target 0.05015, TP2 0.05435, considerable room.
Discussion:
Will this wave hit TP2 first, or is it a bull trap?