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SKYAI 4-hour short signal, RSI 62.9 suggests a pullback is coming?
$SKYAI /USDT - go short SHORT
Trading plan:
Entry: 0.03708 – 0.03794
SL: 0.04159
TP1: 0.03445
TP2: 0.03241
TP3: 0.02935
Why focus on this setup?
- Current price 0.03751, the 1-day trend is a range-bound consolidation, with the bearish direction confirmed.
- RSI on the 15-minute chart at 62.91 is close to the overbought zone, and short-term rebound momentum is weakening.
- Short targets: TP1 at 0.03445 (-8.2%), TP2 at 0.03241 (-13.6%), stop-loss at 0.04159.
- Why now? A volume spike and stalled move near the top of the range, and an early divergence signal from RSI.
Discussion:
Will this move reach TP2 first, or is it a bull trap?