$SKYAI is setting up for a bearish reversal — not continuation.
The current move is driven by AI narrative rotation across the market, pulling in momentum traders after a 40% spike. But structurally, price just ran straight into a major 4H resistance zone (~0.23–0.25), where the last distribution phase began.
On lower timeframes:
- RSI is elevated → near exhaustion
- MACD momentum is flattening
- Price is struggling to hold above prior breakout level
This is a classic forced repricing move — not organic demand. Late buyers are chasing narrative, not structure.
Trade Plan:
Bias: Short
Entry: 0.228 – 0.235
SL: 0.255 (above liquidity sweep)
TP1: 0.205
TP2: 0.185
TP3: 0.155
Positioning insight:
Late AI chasers are buying the top — and they’ll be the fuel for the move down.