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Is the SKYAI short trap or a real drop?
$SKYAI /USDT - SHORT
Trading plan:
Entry: 0.02930 – 0.02982
SL: 0.03206
TP1: 0.02768
TP2: 0.02643
TP3: 0.02456
Why focus on this structure?
- 4H timeframe bearish signal, but RSI on 15M is only 43.52, not oversold—there’s still room to the downside.
- Current price is 0.02956, hovering near the EMA; if it breaks below 0.02930, TP1 at 0.02768 has a high probability.
- Why now? The 1D trend is ranging—bearish bias but not extreme; the entry point is near resistance.
Discussion:
Will this move hit TP1 0.02768 first, or will it bounce and lure shorts?