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SKYAI longers’ final frenzy?
$SKYAI /USDT - Going short SHORT
Trading plan:
Entry: 0.03948 – 0.04028
SL: 0.04377
TP1: 0.03697
TP2: 0.03502
TP3: 0.03211
Why focus on this structure?
- On the 4H timeframe, it’s clearly bearish; RSI on the 15-minute chart is already at 54.75, with momentum fading.
- The current price 0.03988 is sitting right at the EMA resistance. If it can’t break above 0.04028, the bears will take control.
- Target TP1 0.03697, stop-loss 0.04377. The risk-reward ratio is close to 2:1, with risk under control.
Discussion:
Will this leg of the bears hit TP3 0.03211 first, or will it fake out and rebound up to 0.04279?