SKYAI 4-hour short trap? Data suggests a reversal is imminent!



$SKYAI /USDT - Go SHORT

Trading plan:
Entry: 0.03461 – 0.03505
SL: 0.03699
TP1: 0.03321
TP2: 0.03213
TP3: 0.03051

Why focus on this setup?
- RSI on the 15-minute timeframe is already at 63.87—clear overbought conditions, with heavy pressure for a short-term pullback.
- The 4-hour trend is ranging, but the EMA lines are diverging downward; the bearish momentum hasn’t fully faded yet.
- The current price at 0.03483 is near the short entry reference; TP1 at 0.03321 is only 4.6% away—an attractive risk-reward ratio.
- “Why now?”: The upper edge of the range is getting rejected + RSI is high—this is the golden window to lay in a SHORT.

Discussion:
Is this move on SKYAI going to poke into TP2 first and then bounce, or will it break directly below 0.033? Where are you placing your stop loss?
SKYAI-4.64%
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