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Is SKYAI a short trap or a real breakdown?
$SKYAI /USDT - SHORT to open a short position
Trading plan:
Entry: 0.02928 – 0.02968
SL: 0.03142
TP1: 0.02803
TP2: 0.02706
TP3: 0.02560
Why focus on this structure?
- On the 4H timeframe, bearish; RSI on the 15m is at 35.92, close to oversold, but not yet reversed.
- Reference price 0.02948; TP1 0.02803 (-4.9%), TP2 0.02706 (-8.2%), SL 0.03142.
- The 1D trend is ranging; short-term bears have the edge, but entry needs confirmation.
Discussion:
Do you take this short to look at TP2 first, or wait for a bounce to lure longs before it drops?