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SKYAI Short Alert: RSI has fallen below 34—reversal or continuation?
$SKYAI /USDT - SHORT
Trading plan:
Entry: 0.02873 – 0.02921
SL: 0.03125
TP1: 0.02726
TP2: 0.02613
TP3: 0.02442
Why focus on this setup?
- 4H confirms the SHORT direction, confidence 55%, with clear EMA pressure.
- 15-minute RSI is only 33.96, entering the oversold zone, but the trend hasn’t changed—why enter now? Because price is already at the key level of 0.02897; if it breaks below 0.02873, the shorts will accelerate.
- TP1 at 0.02726, stop loss 0.03125, with a risk-reward ratio above 2:1—suitable for short-term trading.
Discussion:
Will this short reach TP1 first, or will it fake out and bounce back to 0.03068?