$SKYAI Update.
Three-Day Rally Continues.
Funding Positive but Manageable.
SKYAI is trading at 0.33902, up 34.53 percent on the session.
The 24-hour range spans 0.20157 to 0.34554. Price is pressing against the high.
This is the third consecutive day of gains. The AI narrative is the engine. The rally is not fading. It is accelerating.
The funding rate is positive 0.036 percent per four-hour interval, annualized near 80 percent.
Longs are paying shorts. This is moderate. It is not the extreme negative squeeze seen in CHIP or HYPER earlier.
It does mean there is a small carry cost to holding long overnight. The trend is strong enough to absorb it, but it is worth noting.
Open interest has surged to 88.5 million USDT against 24-hour volume of 644 million. The volume to OI ratio exceeds 7.
The order book shows bids at 0.33902 with thin resting size.
Cumulative bids extend down to 0.33886 with a few thousand SKYAI.
Asks above are similarly thin. The book is not deep. Slippage on size will be severe.
The short setup from yesterday was invalidated by the continued rally.
Price swept the prior high, pulled back briefly, and then continued higher. That is not a rejection. That is a continuation. The three-day rally is the trend. Fighting it is expensive.
For traders. Longs are in profit. Trail stops to 0.30. Take partial profits into the parabolic extensions. Do not add size at these levels.
The funding rate is a small headwind. The thin book means exits can be sharp.
For those flat, chasing a 34 percent candle on day three of a rally is high risk. Wait for the next pullback.$BR
