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SKYAI shorts are lying in wait on the 4-hour timeframe— is this rebound a trap?
$SKYAI /USDT - SHORT
Trading plan:
Entry: 0.03198 – 0.03244
SL: 0.03443
TP1: 0.03054
TP2: 0.02943
TP3: 0.02776
Why focus on this structure?
- Current price is 0.03221. RSI (15m) is only 35.19—oversold, but not reversed yet.
- The 1D trend is ranging, and the 4-hour direction is clearly bearish. The entry zone is 0.03198–0.03244.
- Why now? The short is already set up. TP1 is at 0.03054, stop loss is 0.03443, and the risk-reward ratio is reasonable.
Discussion:
Do you think SKYAI will first reach TP2 at 0.02943, or will it lure longs and pull back to trigger the stop loss?