Attention, $SKYAI traders! We are observing an interesting situation in the SKYAIUSDT pair that demands caution.
🔴 The Key Divergence:
While the "Long/Short Average" shows a dominance of long positions, which could indicate bullish sentiment among retailers, the "Buy/Sell Taker Volume" tells a different story:
Despite the retail buying enthusiasm, the taker sell volume (red) has shown significant spikes, suggesting active selling pressure at the market level.
The price has managed to surpass the moving averages on the price chart, which could be a sign of strength, but we must be cautious and not be swayed by this indication alone.
Possible Short Strategy or Wait for Confirmation:
Given the divergence between retail sentiment and actual selling pressure, along with the recent price increase:
➡️ Entry: If the price fails to hold above 0.03950 USDT and we see an increase in taker sell volume, we could consider a short entry. Note: The ideal entry would be a clear rejection from the current zone or a move below the moving averages.
🎯 Targets (TP): 0.03880 / 0.03800 USDT.
🛡️ Stop Loss (SL): Above 0.04000 USDT for a short position, or a clear and sustained breakout if looking for a long entry.
⚠️ This is not financial advice. Do your own research (DYOR) and manage your risk carefully.
#SKYAIUSDT #Trading #TechnicalAnalysis
