SKYAI's 4-hour EMA just formed a death cross. Are bulls still willing to buy the dip?



$SKYAI /USDT - SHORT

Trade Plan:
Entry: 0.03505 – 0.03613
SL: 0.04075
TP1: 0.03172
TP2: 0.02915
TP3: 0.02528

Why this setup?
- RSI (15-min) has dropped to 34.06, nearing oversold territory, but the 1-hour EMA remains under pressure below 0.03559.
- The 4-hour trend confirms SHORT, with TP1 at 0.03172 and TP2 at 0.02915. Current price above 0.03559 has limited upside.
- ATR is only 0.002148, volatility is contracting, and the breakout direction will soon be clear, but the bias is bearish.

Discussion:
Will it hit TP2 first then bounce, or will it trap shorts and liquidate directly?
SKYAI-4.57%
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