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SKYAI’s EMA death cross is about to be confirmed, with bears lying in wait.
$SKYAI /USDT - SHORT
Trading plan:
Entry: 0.03934 – 0.04017
SL: 0.04374
TP1: 0.03677
TP2: 0.03478
TP3: 0.03179
Why focus on this structure?
- The 4H SHORT signal has been triggered. RSI on 15m is only 44.73, and the bounce lacks strength.
- The current price is pressing right against EMA resistance at 0.03976. 1H ATR is only 0.00166; volatility is tightening, making a breakout less likely.
- The 1D trend is ranging, and a pullback to TP1 at 0.03677 is a high-probability event.
Discussion:
Will this push reach TP1 0.03677 first, or is it a bear-trap rebound?