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SkyAI | SKYAI/USDT Short: Reversal from high levels indicates bearishness 🐉
Short logic: The 1-hour chart shows that after a rapid surge, the price exhibits signs of exhaustion and forms clear resistance at high levels. Currently, the price has broken below the short-term moving average (MA7), indicating a weakening short-term trend. If it cannot recover the resistance near 0.119, it is expected to further retest the support of the lower moving averages.
Direction: Short (Short)
Entry point (Entry): Around 0.11948
Stop loss (SL): 0.14153
Take profit (TP): 0.08919
Reminder: Market volatility is intense. Please strictly execute stop-loss orders and control your position size according to your risk tolerance!🧧$SKYAI