【$SKYAI Signal】Short squeeze setup, pullback to add longs

$SKYAI 1H timeframe spikes then pulls back, RSI soared to 82 then quickly cooled to 71, initial signs of a buying volume gap. 4-hour MACD histogram is still expanding, but 1-hour momentum shows fatigue, a typical technical pullback after a rally.

🎯Direction: Long (pullback orders)

⚡Entry/Order: 0.06295 - 0.06458

🛑Stop Loss: 0.06140

🚀Target 1: 0.07728

🚀Target 2: 0.08363

🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.

Funding rate is as high as 0.1%, but open interest remains stable. Shorts are paying high costs, yet the price has not been pushed down, indicating accumulating short squeeze pressure. The 1-hour EMA20 near 0.0649 forms the first line of defense, closely aligning with the suggested entry zone. Market data shows buy orders below 0.0677 far exceed sell orders, clearly indicating capital support. Under this structure, patience is key—wait for the price to revisit the dense moving average zone, with a risk-reward ratio over 4:1, making it a good setup for a position.

View real-time market 👇 $SKYAI
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