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$SKY is starting to look very interesting here โ the structure feels like a classic breakout attempt after a strong recovery.
๐ Volume tells the story
Green candles are getting backed by real size. That 137M volume candle with a +2.6% push wasnโt noise โ that was buyers stepping in with intent.
๐ฐ Flows confirm demand
4H contracts: +392k inflow
1H contracts: +111k inflow
24H spot: +154k steady buying
This combo usually means accumulation, not just short-term speculation.
๐ Price Action โ Why this matters "SKY" has already reclaimed ~40% from the 0.048 lows and is now pressing into a major confluence:
120-day MA
Key S/R zone: 0.067 โ 0.068
Yesterdayโs close near the highs with strong volume is exactly what you want to see before continuation โ as long as price holds above this zone.
๐ง Bias: Cautiously Bullish
Momentum is building, but confirmation is king.
๐ How Iโm Playing
$SKY (Perp โ SKYUSDT)
๐น Ideal Entry:
Waiting for a pullback into 0.0665 โ 0.0670
โ Prior resistance flipping into support = cleaner risk-reward.
๐น Aggressive Entry:
Current price around 0.0674
โ Only valid with a tight stop, no room for hope trades.
๐น Breakout Confirmation (High Conviction):
A strong 4H close above 0.0680, with volume exploding past 100M
โ Thatโs when this move proves it has real strength, not just hype.
๐ Stop-Loss: 0.0638
(~5.4% downside)
Placed below:
24H low
MA20
Enough room to breathe, but still disciplined risk.
๐ฏ Targets:
TP1: 0.0701
TP2: 0.0758
If this level breaks clean, the continuation could be very rewarding ๐
โจ Final Thought:
$SKY is shaping up nicely. Structure, volume, and flows are all lining up โ now itโs about execution and patience.
๐ Anyone else tracking SKY?
Already in, or waiting for that pullback?
#SKY #SKYUSDT #CryptoTrading #BreakoutWatch ๐ฅ