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Is the short side quietly setting up on SKYAI’s 4-hour chart?
$SKYAI /USDT - SHORT sell
Trading plan:
Entry: 0.02998 – 0.03040
SL: 0.03221
TP1: 0.02867
TP2: 0.02766
TP3: 0.02615
Why pay attention to this structure?
- Current price is 0.03019. The 1-day trend is clearly bearish; the 4-hour direction is SHORT, with confidence up to 95%.
- RSI on the 15-minute chart is 58.39. It hasn’t hit overbought, but the 1-hour ATR is only 0.000842, with volatility tightening—breakout is imminent.
- Why now? The EMA moving averages are arranged bearishly. The resistance around 0.03040 is under pressure. The entry zone of 0.02998-0.03040 is an ideal short point.
Discussion:
Do you think this move on SKYAI will first reach TP1 at 0.02867, or will it directly insert a wick to lure longs?