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Is SKYAI’s rebound just a dead cat bounce?
$SKYAI /USDT - Short SHORT
Trading plan:
Entry: 0.03060 – 0.03096
SL: 0.03249
TP1: 0.02950
TP2: 0.02864
TP3: 0.02736
Why focus on this structure?
On the 4-hour timeframe, the trend is still range-bound, but the SHORT signal has been triggered, with a confidence of 55. The 15-minute RSI is 43.92, not yet in the oversold region—bearish momentum has not been exhausted. Using 0.03078 as the entry reference, TP1 at 0.02950 gives a reasonable risk-to-reward ratio. This is currently a window to test whether the short continuation holds.
Discussion:
Will this SHORT directly hit TP2 at 0.02864, or will it keep ranging and bouncing repeatedly near the lower edge of the range?