Muhammad-Javeed7
--
SkyA Going to the Moon or Falling Back to Earth.
1. Profit Booking
Current price action shows a parabolic rise of over 57% in just a few candles. Smart traders are likely to start booking profits near the top resistance at 0.09765.
2. Coin Breakdown
Pair: SKYA/USDT (Perpetual)
Volume Surge: 1.20B SKYA traded in 24h
Current Price: 0.09180
24h Range: 0.05750 – 0.09765
Pump Candle: 0.05750 to 0.09765 within 2 hours
High Risk Zone: Parabolic move with no base support
3. Risk Management
Avoid chasing green candles. If already in profit, use a trailing stop. Set tight SL below 0.081. Sharp reversals often follow such vertical pumps.
4. Explanation
The chart suggests a blow-off top with massive volume. The green arrow and “SOON” label indicate anticipation of a dump or pullback. This is a typical pump-and-dump structure seen in many low-cap coins with high volatility.
Pro Tip:
Sometimes, no trade is better than a late entry. Wait for a correction and consolidation before considering a long.
#Skya #Newcoinlauch #Binance #NEW #StrategyTrade
1. Profit Booking
Current price action shows a parabolic rise of over 57% in just a few candles. Smart traders are likely to start booking profits near the top resistance at 0.09765.
2. Coin Breakdown
Pair: SKYA/USDT (Perpetual)
Volume Surge: 1.20B SKYA traded in 24h
Current Price: 0.09180
24h Range: 0.05750 – 0.09765
Pump Candle: 0.05750 to 0.09765 within 2 hours
High Risk Zone: Parabolic move with no base support
3. Risk Management
Avoid chasing green candles. If already in profit, use a trailing stop. Set tight SL below 0.081. Sharp reversals often follow such vertical pumps.
4. Explanation
The chart suggests a blow-off top with massive volume. The green arrow and “SOON” label indicate anticipation of a dump or pullback. This is a typical pump-and-dump structure seen in many low-cap coins with high volatility.
Pro Tip:
Sometimes, no trade is better than a late entry. Wait for a correction and consolidation before considering a long.
#Skya #Newcoinlauch #Binance #NEW #StrategyTrade
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
14
0