#SKY $SKY 15m started moving, current price $0.05644, 24h +0.70%.

I usually look at two things first. The short-term movement is up a bit, first check if the support is sufficient.

But note, the large traders' long/short positions are 56:44, clearly leaning long. Don't rush to heavy positions before the direction breaks out.

In the chart, one looks at structure, the other at candlesticks. Don't judge by a single candle's rise or fall.

$0.05503 below is key, $0.05813 above is the recovery observation level.