Has the SKYAI 4-hour timeframe short trap already formed?



$SKYAI /USDT - SHORT to go short

Trading plan:
Entry: 0.02985 – 0.03027
SL: 0.03209
TP1: 0.02854
TP2: 0.02753
TP3: 0.02601

Why pay attention to this structure?
- The 1-day trend is clearly bearish, with 95% confidence pointing to SHORT.
- Current price 0.03006, pressing against the EMA resistance zone; RSI on the 15m chart is only 55.4, and the rebound lacks strength.
- Target TP1 0.02854, 5% away from the current price; risk-reward ratio over 1:3.
- Why now? The 4-hour short structure hasn’t broken yet, and ATR 0.000844 shows volatility is low; once it breaks above the prior high of 0.03027, selling accelerates.

Discussion:
Will this SHORT hit TP2 0.02753 first, or will it be a bull trap that pulls price up to SL 0.03209 before crashing?
SKYAI-0.40%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned