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SKYAI 4-hour RSI drops to 29.75—catch the dip or keep shorting?
$SKYAI /USDT - SHORT sell
Trading plan:
Entry: 0.02961 – 0.03031
SL: 0.03329
TP1: 0.02746
TP2: 0.02579
TP3: 0.02329
Why focus on this structure?
Now shorting has logic and support:
- The 4-hour trend is bearish; the 15-minute RSI is oversold (29.75), but the main direction is clear.
- Entry at 0.02996; TP1 at 0.02746 (-8.3%); stop-loss set at 0.03329; the risk-reward ratio is reasonable.
- Why now? The 15-minute rebound lacks strength; bearish momentum hasn’t fully faded—waiting for a rebound to short is safer than chasing immediately.
Discussion:
Will this push first reach TP1, or will it accelerate straight to TP2? Comment your thoughts in the comments section!