$SKY /USDT — 15m Chart Read
Clear momentum expansion just kicked in, driving price from the mid-range straight into 0.068+ with strong follow-through. Buyers stepped in aggressively around 0.065–0.066, forming a defended support zone that flipped short-term structure and set the stage for continuation. The pullbacks were shallow and quickly absorbed—no real selling pressure showing up.
Price is now consolidating near 0.0677–0.0680, pressing against highs with rising averages underneath. This is strength, not exhaustion. The tape favors buyers as momentum stays bid and late sellers struggle to push it back into value.
Overhead, immediate resistance sits at 0.0681–0.0683, followed by a higher extension zone toward 0.0695–0.0700 if momentum re-accelerates and stops fuel the move. Structure supports higher prices as long as compression resolves upward.
Bias remains bullish while above the defended base. The caution level is a sustained loss below 0.0665—that would weaken momentum, signal a failed push, and invite mean reversion. Until then, buyers are in control and the tape leans toward continuation.
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