$SKYAI /USDT: Looking for a bottom or preparing for a dip? (1H/1D)
After a rapid rally to $0.86, the price has entered a deep correction phase. The chart shows that the asset is now testing critical support levels.
📊Key indicators:
• Support: Local low at $0.412.
• Sentiment: Aggregated Spot CVD shows significant spot selling (-89.9M), which puts pressure on the price from above.
• Expectations: The price is trying to push off from the lower boundary of the Bollinger Bands on the 1-hour timeframe (2.png).
🚦 Signals:
📈 Entry (Long): Current prices (~$0.449) with a short stop below $0.40. The target is a return to $0.50–$0.56.
⚠️ Caution: If the $0.41 level fails to hold, the next stop is the $0.36 zone on the daily MA30.
We are monitoring the volumes. While the spot is actively being poured, any rebound can only be technical.
After a rapid rally to $0.86, the price has entered a deep correction phase. The chart shows that the asset is now testing critical support levels.
📊Key indicators:
• Support: Local low at $0.412.
• Sentiment: Aggregated Spot CVD shows significant spot selling (-89.9M), which puts pressure on the price from above.
• Expectations: The price is trying to push off from the lower boundary of the Bollinger Bands on the 1-hour timeframe (2.png).
🚦 Signals:
📈 Entry (Long): Current prices (~$0.449) with a short stop below $0.40. The target is a return to $0.50–$0.56.
⚠️ Caution: If the $0.41 level fails to hold, the next stop is the $0.36 zone on the daily MA30.
We are monitoring the volumes. While the spot is actively being poured, any rebound can only be technical.