$SKY /USDC BULLISH BREAKOUT SETUP
$SKYAI /USDC is showing strong bullish momentum after breaking recent resistance levels. Price action indicates potential continuation upward, making it favorable for a long position.
Entry (Long): Above 0.05350
Take Profit (TP): 0.05750, 0.06100, 0.06450
Stop Loss (SL): 0.05050
Technical Analysis:
Bullish engulfing pattern on higher timeframe suggests strong buying pressure.
Support confirmed near 0.05100–0.05050 zone.
Volume is increasing on upward moves, signaling continuation potential.
RSI indicates bullish momentum without being overbought yet.
Trendline support intact; breakout above resistance confirms trend continuation.
Risk Management: Keep position size limited to 1–2% of total capital per trade. Adjust SL dynamically as price moves in favor.
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