$SKYAI 🔴 Double Alert: 5.6% Drop & 2.6x Volume on
$SKYAI - The strong selling pressure and volume spike tell me that the trend is still bearish, but a short right here, so soon after a flush, is dangerous — you are likely late unless there’s a weak bounce first.
- I expect the price to attempt a minor bounce, possibly toward 0.05593 or 0.05865-0.05910. If the bounce is weak and price gets rejected in these areas, a short entry can be considered around 0.05865 with take profit near 0.05000. Stop-loss should be above the recent lower high or resistance zone (around 0.06036 or 0.06178), depending on price action.
- Confirmation to enter: wait for a bearish engulfing, pin bar, or clear weakness (lower high, failed attempt to break resistance) in the 0.05865-0.06036 area.
- If price flushes and sweeps below 0.04960 and shows a strong reversal, that could be a spot for a very quick long scalp, targeting 0.05593, but only with a strong bullish confirmation like a large pin bar or engulfing candle.
- If price decisively reclaims 0.06178 and holds above, my bearish bias is invalidated and I’d expect a squeeze higher toward 0.06617 or 0.06703.
📝 This is not investment advice, just an educational analysis. Watch for confirmations — don’t chase shorts directly after a -5.6% dump and volume spike, as sharp reversals often follow panics like this! Be patient and let price action show its hand.
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