$SKYAI /USDT 4-hour timeframe short signal is armed—oversold trap or trend reversal?



$SKYAI /USDT - SHORT

Trading plan:
Entry: 0.03506 – 0.03576
SL: 0.03877
TP1: 0.03289
TP2: 0.03122
TP3: 0.02870

Why focus on this setup?
- RSI on the 15-minute chart is only 27.93—extremely oversold, but the direction is firmly bearish; a bounce is the entry opportunity.
- Current price is 0.03541; TP1 at 0.03289 gives a risk-reward ratio over 1.8x, with SL set at 0.03877 for protection.
- The 1-day trend is ranging consolidation, and the 4-hour short signal aligns with high probability—why now? Because chasing shorts after oversold conditions needs caution, but the structure hasn’t broken.

Discussion:
Will this bearish move hit TP2 at 0.03122 first, or will an RSI bounce lure buyers in before another drop? Will you wait for a pullback to 0.03576 to place a sell limit, or enter at the current price?
SKYAI-12.53%
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