🔥 $SKY is starting to look very interesting here — the structure feels like a classic breakout attempt after a strong recovery.
📈 Volume tells the story
Green candles are getting backed by real size. That 137M volume candle with a +2.6% push wasn’t noise — that was buyers stepping in with intent.
💰 Flows confirm demand
4H contracts: +392k inflow
1H contracts: +111k inflow
24H spot: +154k steady buying
This combo usually means accumulation, not just short-term speculation.
📊 Price Action – Why this matters "SKY" has already reclaimed ~40% from the 0.048 lows and is now pressing into a major confluence:
120-day MA
Key S/R zone: 0.067 – 0.068
Yesterday’s close near the highs with strong volume is exactly what you want to see before continuation — as long as price holds above this zone.
🧠 Bias: Cautiously Bullish
Momentum is building, but confirmation is king.
🛠 How I’m Playing $SKY (Perp – SKYUSDT)
🔹 Ideal Entry:
Waiting for a pullback into 0.0665 – 0.0670
→ Prior resistance flipping into support = cleaner risk-reward.
🔹 Aggressive Entry:
Current price around 0.0674
→ Only valid with a tight stop, no room for hope trades.
🔹 Breakout Confirmation (High Conviction):
A strong 4H close above 0.0680, with volume exploding past 100M
→ That’s when this move proves it has real strength, not just hype.
🛑 Stop-Loss: 0.0638
(~5.4% downside)
Placed below:
24H low
MA20
Enough room to breathe, but still disciplined risk.
🎯 Targets:
TP1: 0.0701
TP2: 0.0758
If this level breaks clean, the continuation could be very rewarding 🚀
✨ Final Thought:
$SKY is shaping up nicely. Structure, volume, and flows are all lining up — now it’s about execution and patience.
👀 Anyone else tracking SKY?
Already in, or waiting for that pullback?
