$SKYAI

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The asset is currently exhibiting a strong bullish trend on the 1-hour timeframe, trading at 0.03555, up over 11% for the session. Price action shows a steady climb from the 0.02956 base, followed by a parabolic expansion that peaked at 0.04100. Since that peak, we have entered a consolidation phase where the price is retracing slightly to test dynamic support. Crucially, the price is currently holding above the middle Bollinger Band (MB) at 0.03559, acting as immediate support, while the bands are widening, indicating high volatility. The MACD histogram has turned red, signaling short-term momentum loss, but the signal lines remain above the zero line, suggesting the overall trend is still intact despite the current pullback.

The recent price action demonstrates a "Bull Flag" or high-tight consolidation pattern. After the massive green impulse candles that took the price from 0.030 to 0.041, the candles have shifted to smaller bodies with mixed colors (red and green), showing indecision. The most recent candles are finding a floor near the 0.03426 level, which aligns with the lower Bollinger Band support. There isn't a single dominant reversal candle yet; rather, a series of dojis and spinning tops indicating the market is taking a breath.

I predict a high probability of a "re-test and bounce" scenario. The previous resistance around 0.0340-0.0350 has flipped into support. If the price maintains stability above the middle Bollinger Band (0.0355), I expect a continuation of the uptrend to re-test the recent high of 0.04100. However, if volume continues to dry up and price breaks below the 0.03426 lower band, we could see a deeper correction to the 0.0300 psychological level.

What trade plan I follow and why❓️

I will follow a Trend-Following Pullback Strategy (Long Bias). I choose this plan because the macro trend is clearly bullish (evident by the moving averages and the massive green volume spike earlier), but entering now at 0.0355 exposes me to the immediate volatility of the MACD bearish cross. By waiting for a slight dip or a confirmed bounce, I can enter with a better risk-to-reward ratio.

When I start my trade❓️

I will initiate a long position if the price confirms support near the Middle Bollinger Band (0.0355) or dips slightly to touch the Lower Bollinger Band (0.0340) and shows a rejection wick. I will not enter immediately at the current market price while the MACD histogram is red; I want to see the selling pressure exhaust and see a bullish reversal candle form on the 1H chart.

Trading Plan (Specifics)

· Entry: 0.0345 - 0.0350 (Buy limit orders near the MB/LB support zone).
· Take Profit (TP): TP1 at 0.0390 (near previous resistance) and TP2 at 0.0410 (re-test of 24h high).
· Stop Loss (SL): 0.0335 (strictly below the Lower Bollinger Band and recent swing low) to protect capital if the trend breaks down.
· Risk/Reward: Approximately 1:2.5 ratio.

SKYAI/USDT is in a Bullish Continuation phase but is currently undergoing a healthy correction. The trend remains your friend, but patience is required here. Do not FOMO at the top; wait for the price to prove support at the middle/lower Bollinger Bands before executing a long trade. The setup is bullish as long as the price stays above 0.0340.