$SKY (4H)
The asset is showing relative strength and low correlation with the broader market during drawdowns, which makes it a solid hedging candidate for short exposure when price reaches the POI.
Execution plan:
• You can try a 1/4 position at market
• Place a second 1/4 limit order on the 4H imbalance retest in case MMs / larger players add to positions
Targets:
🎯 $0.07717 / $0.08100 / $0.08524
#setup
The asset is showing relative strength and low correlation with the broader market during drawdowns, which makes it a solid hedging candidate for short exposure when price reaches the POI.
Execution plan:
• You can try a 1/4 position at market
• Place a second 1/4 limit order on the 4H imbalance retest in case MMs / larger players add to positions
Targets:
🎯 $0.07717 / $0.08100 / $0.08524
#setup