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SKYAI short trap or real breakout?
$SKYAI /USDT - short SHORT
Trading plan:
Entry: 0.02961 – 0.03001
SL: 0.03170
TP1: 0.02839
TP2: 0.02745
TP3: 0.02603
Why focus on this setup?
- On the 4-hour timeframe, there is a bearish signal, but the 1-day trend is ranging; RSI on 15M is in the neutral zone at 46.18.
- The current price is 0.02981; TP1 is already set at 0.02839, with a risk-reward ratio of over 1:3.
- Why now? Enter a short within the ranging zone; if it breaks the 0.02961 support, the probability of accelerated downside is high.
Discussion:
Will this move reach TP1 first and then rebound, or will it go straight down to TP2?