๐ฅ $SKY is waking upโฆ and this move feels different.
After a clean recovery, $SKY looks like itโs gearing up for a breakout. Weโre up roughly 40% from the 0.048 lows, and now price is pressing right into a major decision zone.
๐ Whatโs catching attention Volume is finally talking. That 137M green candle with a +2.6% push wasnโt random โ real buyers stepped in.
Flows back this up too:
Strong contract inflows on 4H +392k and 1H +111k, plus spot buying +154k over 24H. Thatโs genuine demand building underneath, not just a quick pump.
๐ Price action $SKY is now testing the 120-day MA and the old 0.067โ0.068 support resistance zone. Yesterdayโs close near the highs with solid volume is exactly what you want to see before continuation. If this level flips, momentum can expand fast.
๐ง My take Cautiously bullish. Structure and momentum look healthy, but confirmation is key.
๐ฏ How Iโm playing it Entry zone: Waiting for a pullback into 0.0665โ0.0670 for a clean support flip entry.
Aggressive entry: Around 0.0674, but only with a tight stop.
Confirmation trigger: A strong 4H close above 0.0680 with volume blasting past 100M. Thatโs the signal this breakout is real.
๐ Stop-loss Around 0.0638, just below the 24H low and MA20. Enough room to breathe, but risk stays controlled.
๐ฏ Targets TP1: 0.0701
TP2: 0.0758
This is one of those moments where patience pays. If SKY confirms, it could move fast. Eyes on volume, eyes on the close ๐๐ฅ
