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Everyone is missing that $SKHY /USDT is quietly setting up for a range breakdown.
$SKHY /USDT - SHORT
Trade Plan:
Entry: 191.27 – 192.47
SL: 197.62
TP1: 187.55
TP2: 184.68
TP3: 180.36
Why this setup?
Why now? The 1h price is sitting at 191.87 inside a narrow entry zone between 191.27 and 192.47, which means the market is coiling right at the daily range. The 15m RSI at 66.15 shows momentum is still bullish but overextended, so a mean-reverting slide is the path of least resistance. The 1h ATR of 2.397474 confirms that a 3-4 dollar move is the average pulse, and we are targeting TP1 at 187.55 followed by TP2 at 184.68 as the short unfolds. If the 1h price pushes above 197.62, the setup is invalidated and the daily range narrative breaks completely.
Debate:
Are we hitting TP2 at 184.68 or is the range about to reclaim 192?
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.