🔥 $SKY consolidating lately with a pretty solid bullish bias overall.
Volume-wise, we've seen some decent buying pressure on the recent bounce from around 0.06395. That last up candle had really strong volume (like 37M+), which gives the move some credibility. Right now, it's chilling near 0.064 on lighter volume, so feels like a healthy pause before the next leg.
Capital flow data is interesting too: 24H net contract flow is strongly positive (+139k+), meaning fresh money coming in. Shorter-term stuff is a bit mixed (some profit-taking on the bounce), and longer-term (7D) shows outflows, but that 24H inflow looks like a potential reversal signal. Spot flows are mostly negative though, so still some selling pressure to watch out for.
My take $SKY : Cautious long
- Best entry? Wait for a clean break above Resistance at 0.06515 with volume pickup.
- Or, if it dips back to the support zone around 0.06230 (near support and the 120-MA at ~0.0608), that could be a nicer risk-reward spot – especially if we see rejection candles like a hammer.
Stop-loss: For a break-and-enter around 0.0652, SL at 0.0632. On the pullback entry, below support S2 (~0.06065) for safety.
Targets: $SKY
First one at resistance R2 (0.06640). Stretch to resistance R3 (0.06800), and if it breaks that, BOLL upper band at ~0.0687 could be in play.
