【$SKYAI Signal】Short squeeze continues, be cautious when chasing higher, pullbacks are opportunities

$SKYAI 1H timeframe price has broken above the upper Bollinger Band, RSI soared to 89.5, signs of buying pressure gap beginning to appear. The 4H timeframe also remains above the upper Bollinger Band, MACD shows a bullish crossover with increasing histogram bars, indicating ongoing bullish momentum. However, market data shows significant sell orders stacking above 0.0955, and buy order depth is somewhat lacking, increasing resistance to upward price movement.

🎯Direction: Watchful (Buy on pullback)

⚡Entry/Order: Within the 0.07515 - 0.09485 range, prioritize support around 0.082.

🛑Stop loss: 0.07114

🚀Target 1: 0.09533

🚀Target 2: 0.09572

🛡️Trade management:
- Execution strategy: If the price pulls back to the lower end of the entry zone and stabilizes, build positions gradually. Reduce half of the position near Target 1, and move the stop loss to break-even for the remaining position to aim for Target 2. If the price directly breaks below the entry level, abandon this trade.

This rapid surge accompanied by stable open interest looks more like a short squeeze by existing market participants rather than continuous inflow of new funds. The 1-hour volume did not expand in tandem with the new high, indicating a hidden risk of volume-price divergence. The current risk-reward ratio is not ideal; chasing higher aggressively is like playing with fire. Patience for a healthy pullback, allowing the market to establish clearer support levels, is the safer and more controllable entry point.

Check real-time market 👇 $SKYAI
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