SKYAI keeps bouncing around 0.03011—do you think this is the bottom?



$SKYAI /USDT - SHORT sell

Trading plan:
Entry: 0.02992 – 0.03030
SL: 0.03196
TP1: 0.02872
TP2: 0.02779
TP3: 0.02640

Why focus on this structure?
- On the 4H timeframe, the direction is clearly SHORT, with 55% confidence. The trend is in a ranging/sideways zone, not a breakout signal.
- Current price 0.03011 is close to the resistance zone. On 1H, ATR is only 0.000772; volatility is tightening, making a breakout more likely.
- RSI on 15M is 54.35, neutral to slightly weak. There’s no oversold condition, and downside room remains.
- The SHORT targets TP1 0.02872 and TP2 0.02779, with SL at 0.03196. The risk-reward ratio is reasonable.

Discussion:
Does this move first dump to TP2, or is it a stop-run for a pullback? Which side are you on?
SKYAI-0.62%
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