🔴 SHORT $SKYAI — Overreaction Loading
Everyone saw the crash. Few noticed what came after.
$SKYAI dropped from 0.387 to 0.189 in one session. That's a 51% move. Sellers pushed hard. But after the drop, price didn't keep falling. It started forming higher lows quietly.
EMA20 at 0.239, EMA50 at 0.278 — both still above price. RSI at 24 — oversold. But in a strong downtrend, oversold can stay oversold.
Bears are still in control. This bounce looks weak.
I'm going short from here.
Entry: 0.192 – 0.195
SL: 0.205
🎯 TP1: 0.185
🎯 TP2: 0.178
🎯 TP3: 0.168
Setup fails if price closes above 0.200 on the 1H.
Oversold doesn't mean reversal. It just means momentum slowed down.
DYOR. Not financial advice.
$SKYAI #Binance #BinanceSquare #cryptosignals
Everyone saw the crash. Few noticed what came after.
$SKYAI dropped from 0.387 to 0.189 in one session. That's a 51% move. Sellers pushed hard. But after the drop, price didn't keep falling. It started forming higher lows quietly.
EMA20 at 0.239, EMA50 at 0.278 — both still above price. RSI at 24 — oversold. But in a strong downtrend, oversold can stay oversold.
Bears are still in control. This bounce looks weak.
I'm going short from here.
Entry: 0.192 – 0.195
SL: 0.205
🎯 TP1: 0.185
🎯 TP2: 0.178
🎯 TP3: 0.168
Setup fails if price closes above 0.200 on the 1H.
Oversold doesn't mean reversal. It just means momentum slowed down.
DYOR. Not financial advice.
$SKYAI #Binance #BinanceSquare #cryptosignals