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What is SKYAI's 4H chart hinting at?
$SKYAI /USDT - SHORT
Trade Plan:
Entry: 0.03750 – 0.03876
SL: 0.04418
TP1: 0.03359
TP2: 0.03057
TP3: 0.02603
Why this structure?
- Current direction: SHORT, confidence 55.4%, 4H cycle bearish.
- Entry reference 0.03813, RSI 15M at 54.84, not overbought, but 1D trend is range-bound.
- Why now? Price near upper range boundary, EMA may act as resistance, bearish targets TP1 0.03359, TP2 0.03057.
- If it breaks above 0.03876, a long alternative entry is possible, but bias is currently bearish.
Discussion:
Will this SHORT reach TP2 first, or will it fake break below and then pull back into the range?