⚠️ SKYAI UPDATE
The structure is starting to change.
After printing a local low around 0.1625, buyers stepped in aggressively and pushed price back above MA7 on the 15-minute chart. MACD has flipped bullish on the lower timeframe, and RSI recovered sharply from oversold territory, showing that selling pressure is weakening.
For now, I would not recommend opening fresh short positions at current levels. The risk-to-reward is no longer attractive after the recent downside move.
Key things to watch:
• 0.1710 - 0.1740 is now the critical resistance zone.
• Price is currently testing MA25 resistance on the 15-minute chart.
• A successful breakout above this area could trigger a stronger relief rally.
• Failure to break above it may keep the broader bearish trend intact.
🔴 Strictly maintain stop loss at 0.1710 or 0.1740 depending on your risk tolerance.
The higher timeframes are still bearish, with price trading below MA99 and MA200, but the 15-minute chart is showing the first signs of a potential reversal attempt.
At this stage:
❌ No new entries.
✅ Manage existing positions.
✅ Protect profits.
✅ Wait for confirmation before making the next move.
Patience is a position too. Right now the chart is transitioning from strong bearish momentum into a possible reversal zone, and chasing trades here could easily get trapped by volatility.
The structure is starting to change.
After printing a local low around 0.1625, buyers stepped in aggressively and pushed price back above MA7 on the 15-minute chart. MACD has flipped bullish on the lower timeframe, and RSI recovered sharply from oversold territory, showing that selling pressure is weakening.
For now, I would not recommend opening fresh short positions at current levels. The risk-to-reward is no longer attractive after the recent downside move.
Key things to watch:
• 0.1710 - 0.1740 is now the critical resistance zone.
• Price is currently testing MA25 resistance on the 15-minute chart.
• A successful breakout above this area could trigger a stronger relief rally.
• Failure to break above it may keep the broader bearish trend intact.
🔴 Strictly maintain stop loss at 0.1710 or 0.1740 depending on your risk tolerance.
The higher timeframes are still bearish, with price trading below MA99 and MA200, but the 15-minute chart is showing the first signs of a potential reversal attempt.
At this stage:
❌ No new entries.
✅ Manage existing positions.
✅ Protect profits.
✅ Wait for confirmation before making the next move.
Patience is a position too. Right now the chart is transitioning from strong bearish momentum into a possible reversal zone, and chasing trades here could easily get trapped by volatility.
