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Is SKYAI's rebound just a bull trap?
$SKYAI /USDT - SHORT
Trading Plan:
Entry: 0.03358 – 0.03476
SL: 0.03987
TP1: 0.02990
TP2: 0.02705
TP3: 0.02278
Why focus on this structure?
- 4H trend is bearish, RSI 15m has reached 63.51 overbought zone, short-term momentum exhausted.
- Current price 0.03416 is close to the SHORT entry, with significant room to TP1 at 0.02990.
- Why now? 1D is still in a consolidation range, with resistance at highs, bearish signals are clearer.
Discussion:
Will this wave hit TP2 at 0.02705 first, or fake out and pull back?