$SKY – BULLISH REVERSAL ATTEMPT AFTER STEEP DROP

After a sharp downtrend, $SKY has started to show early signs of stabilization near the 0.0565 support zone. Buyers are stepping in to defend this key level, hinting at a possible rebound toward short-term resistance areas. If momentum builds above 0.0575, a reversal toward 0.0590 and beyond could follow. However, failure to hold this base may lead to another retest of recent lows.

Trade Setup:

• Entry Range: 0.0565 – 0.0570

• Target 1: 0.0582

• Target 2: 0.0590

• Target 3: 0.0605

• Stop Loss: 0.0556

Market Outlook:

Short-term bias turning bullish as selling pressure weakens. A decisive close above 0.0585 would confirm a potential trend reversal.