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SKYAI is about to signal a turning point, and the bearish signal is already flashing!
$SKYAI /USDT - Sell SHORT
Trading plan:
Entry: 0.03204 – 0.03274
SL: 0.03571
TP1: 0.02990
TP2: 0.02824
TP3: 0.02575
Why pay attention to this structure?
- RSI on 15m is only 29.42, in the oversold zone, but the trend is still bearish, and rebounds lack strength.
- The 4H timeframe is clearly bearish (SHORT). Entry reference is 0.03239; TP1 is at 0.02990, with an attractive risk-reward ratio.
- Currently in a range-bound consolidation area, bearish momentum is building. Enter now to catch the early breakout.
Discussion:
Will this wave reach TP2 at 0.02824 first, or is it a tempting bear-market rebound?