$SKY USDT – SHORT-TERM BEARISH CONTINUATION / PULLBACK IN PLAY

Friends, looking at the chart, $SKYUSDT pushed up strongly but failed to hold above the recent highs and is now printing lower highs with consistent selling pressure. The rejection from the top shows bulls are losing control, and price is currently consolidating weakly below resistance, which usually favors another dip before any proper bounce. As long as price stays below the previous supply zone, downside pressure remains active.

Trade Setup (Short):

Entry Range: 0.0589 – 0.0592

Target 1: 0.0583

Target 2: 0.0577

Target 3: 0.0570

Stop Loss (SL): 0.0600

Market Outlook:

Momentum is currently tilted to the downside. If sellers keep defending the 0.0595–0.0600 zone, continuation lower is likely. Only a clean reclaim above resistance would invalidate this bearish view. Manage risk and stay disciplined.