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SKYAI's 4H EMA death cross, is it a washout or a real drop?
$SKYAI /USDT - Short SHORT
Trade Plan:
Entry: 0.0359 – 0.0375
SL: 0.0445
TP1: 0.0309
TP2: 0.0270
TP3: 0.0211
Why focus on this structure?
- Direction: SHORT, confidence 55.4, 4H period EMA death cross signal clear.
- Why now? 1H RSI only 42.1, 15M RSI dropped to 42.1, short momentum not fully released.
- Entry reference 0.0367, TP1 at 0.0309, stop loss 0.0445, risk-reward ratio near 1:2.
Discussion:
Will this wave hit TP1 first or directly pull back to 0.0375?