SKYAI 4-hour top divergence (bearish)—are the shorts on the way?



$SKYAI /USDT - short SHORT

Trading plan:
Entry: 0.04192 – 0.04272
SL: 0.04618
TP1: 0.03942
TP2: 0.03749
TP3: 0.03460

Why focus on this structure?
- 15-minute RSI 69.21: short-term overheated, strong demand for a pullback.
- The 4-hour EMA death cross isn’t confirmed, but price repeatedly tests the 0.04232 resistance zone with declining volume.
- Currently near the upper end of the ranging zone; a downward retest of 0.03942 (TP1) is more likely than a breakout.
- Why now? Range top + high RSI + consecutive false breakouts—shorts offer better risk-reward.

Discussion:
Is this move first hitting TP1 and then rebounding, or going straight down like a waterfall to TP2?
SKYAI6.14%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned