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SKYAI 4H RSI hits 79, what are shorts plotting?
$SKYAI /USDT - SHORT
Trade Plan:
Entry: 0.03966 – 0.04078
SL: 0.04563
TP1: 0.03616
TP2: 0.03346
TP3: 0.02941
Why this setup?
• RSI on 15M is already 79.5, severely overbought in the short term, 4H trend is bearish but no breakout confirmed yet.
• Entry at 0.04022, TP1 at 0.03616 (-10%), TP2 at 0.03346, SL at 0.04563, risk-reward ratio 1:1.6.
• Why now? 1D consolidation + high RSI, bears have a chance to retest previous lows.
Discussion:
Will this hit TP2 first, or is it a bull trap?