Can you dare to go long after SKYAI’s EMA death cross signal?



$SKYAI /USDT - Short

Trading plan:
Entry: 0.03574 – 0.03640
SL: 0.03921
TP1: 0.03372
TP2: 0.03215
TP3: 0.02980

Why focus on this setup?
The current 1-hour EMA is being suppressed at 0.03607, and the 15-minute RSI is already at 64.68, nearing the overbought zone. The 1-day trend is ranging, but the 4-hour outlook is clearly bearish. Why now? Because there’s dense resistance above 0.03640; the short stop-loss is set at 0.03921, and the risk-reward ratio is close to 1:2. If price breaks below 0.03574, TP1 is at 0.03372 and TP2 is at 0.03215. Don’t wait for a rebound confirmation—the signal is already out.

Discussion:
Will this bearish move hit TP2 first, or is it a bull trap?
SKYAI-12.96%
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