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【$SKYAI Signal】Pullback confirmation, bulls make a second push
$SKYAI After volume breakout at the 4H level, the price pulls back, consolidating around 0.112, with buy orders significantly deeper than sell orders. The 1H MACD histogram is expanding below the zero line, but the price has not fallen sharply, revealing the intention of support from funds. Currently, the funding rate is as high as 0.14%, with stable open interest, but there is a risk of a short squeeze.
🎯Direction: Long
⚡Entry/Order: 0.11203
🛑Stop loss: 0.07821
🚀Target 1: 0.11292
🚀Target 2: 0.12450
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back to the entry level, automatically exit to protect capital.
Market data shows that buy orders are heavily stacked in the 0.1122 to 0.1124 range, forming a solid defense line. The 1-hour RSI has fallen back from overbought territory to 61, leaving room for another upward move. The middle band of the 4-hour Bollinger Bands at 0.0838 provides strong support, with the price operating in its upper half, and the overall structure remains intact. In a high-fee environment, short positions' costs continue to rise, and any upward price pulse could trigger a chain reaction. The risk-reward ratio isn't perfect, but the position is clear, with strong support below.
Check real-time market 👇 $SKYAI
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