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Has SKYAI’s 4-hour EMA already formed a bearish cross, so any rebound is just a trap?
$SKYAI /USDT - Short SHORT
Trading plan:
Entry: 0.03197 – 0.03245
SL: 0.03452
TP1: 0.03048
TP2: 0.02932
TP3: 0.02759
Why focus on this setup?
- RSI 15m is 55.61, but the 4-hour trend is clearly bearish, and the rebound has no strength.
- The current price is 0.03221, close to 4-hour EMA resistance/pressure, with downside room opened.
- Why now? The intraday rebound is near the resistance area, and the short momentum hasn’t fully been released yet.
Discussion:
Will you wait for the rebound to reach 0.03245 to short, or short immediately after it starts?