$SKY /USDC BULLISH SETUP – TECHNICAL ANALYSIS

The $SKY/USDC pair shows signs of a bullish continuation after consolidating near the 0.06288 MA(25) support level. Short-term momentum is strengthening above MA(7) at 0.06402, indicating buyers are gradually taking control. Price recently tested the 0.06476 24h high and retraced slightly, forming a strong base above the 0.06164 24h low. The MA(99) at 0.06083 provides long-term support, confirming an overall upward trend.

Trade Setup:

Entry (Long): 0.06375

Take Profit (TP): 0.06593, 0.06650

Stop Loss (SL): 0.06250

Risk Management: Keep position size small relative to capital; avoid over-leveraging. Target 1:1.5 risk-to-reward ratio.

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SKY
SKYUSDT
0.0622
+3.94%