$SKY IS REJECTING KEY RESISTANCE โ BEARISH EXPANSION LIKELY ๐ฅ
Entry: 0.0538 ๐ฅ
Target: 0.0519 ๐
Stop Loss: 0.0546 โ ๏ธ
Price swept into the 0.0536โ0.0539 supply zone after a strong bullish push and got rejected immediately. On the 15-minute timeframe, the wick rejection was aggressive and volume spiked on the sell side โ the same pattern that led to the last 12% drop.
Sellers are holding this level firmly. If momentum continues, we could see a fast retrace toward the lower targets. The R:R on the final target is over 3:1 from the entry. Are you shorting here or waiting for a retest?
Not financial advice. Always manage your risk.
#SKY #ShortSetup #Bearish #Crypto #Trading
๐ฅ
Entry: 0.0538 ๐ฅ
Target: 0.0519 ๐
Stop Loss: 0.0546 โ ๏ธ
Price swept into the 0.0536โ0.0539 supply zone after a strong bullish push and got rejected immediately. On the 15-minute timeframe, the wick rejection was aggressive and volume spiked on the sell side โ the same pattern that led to the last 12% drop.
Sellers are holding this level firmly. If momentum continues, we could see a fast retrace toward the lower targets. The R:R on the final target is over 3:1 from the entry. Are you shorting here or waiting for a retest?
Not financial advice. Always manage your risk.
#SKY #ShortSetup #Bearish #Crypto #Trading
๐ฅ