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Monday Market Overview 📊
$SKHY is still trading inside a clear 151–177.88 range, with pre-market price already down around 3.5%.
For now, I’m watching the 151–156 support zone closely. The 0.618 Fibonacci retracement also lines up around 151, giving this area added technical significance.
Trade setup:
• Entry: 151.16
• Stop Loss: 144.13
• TP1: 157.19
• TP2: 167.58
• Risk/Reward: ~2.35
If the daily candle decisively breaks below 151, the range could shift toward 151–134, turning previous support into resistance.
My approach: stay patient in the middle of the range and look for opportunities near key support. Let price come to you rather than forcing a trade.
Not financial advice. This is market analysis, not a trade execution signal.
Follow for more daily market updates, setups and key levels.
#GateStockInsightsChallenge