$SKYAI 🐻
$SKYAI just saw 3.6x selling volume, smart money exiting?
- I expect the price will likely FALL further, given the strong selling pressure, heavy volume anomaly, and bearish indicator stack.
- Look for short entries if price bounces to 0.11158 or, ideally, 0.11793, but only after bearish confirmation such as a rejection wick or lower high on the 5m.
- If you see price wick above 0.11793 and immediately reverse (liquidity sweep), this is a prime short setup. Entry example: Price bounces to 0.11793, prints a bearish engulfing on 5m, you enter short, targeting 0.10642 and then 0.10159, with your stop above the swing high at 0.12122.
- If price fails to reclaim 0.11158 and starts rolling over with high volume, this can also be used for a momentum short with tighter stops.
- Bias flips bullish only if price closes strong above 0.12122 with volume, suggesting a failed breakdown and a possible reversal squeeze.
📝 This is not investment advice, just an educational analysis report! Always wait for confirmations before entering trades, and use proper risk management.
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