The $SKHY perpetual contract is drifting quietly across the charts.
Bulls are fighting to stay above VWAP at 130.23 and EMA20 at 130.34 to regain momentum. Meanwhile, bears are watching the rejection at resistance1 at 130.72 and EMA50 at 130.76 to push lower.
With RSI at 54.05 and price at 130.52, the market remains in a neutral state. 🎯
This is a classic squeeze between key moving averages. 👀
When you have faced a setup this tight on a perpetual contract, did you wait for the breakout or fade the move? 🧭
#SKHY #StockMarket #TechnicalAnalysis #MarketUpdate #BinanceSquare
⚠️ Perpetual contracts are leveraged derivatives, not the stock or commodity itself.
Risk note: leverage magnifies losses. Plan the exit before the entry.
Bulls are fighting to stay above VWAP at 130.23 and EMA20 at 130.34 to regain momentum. Meanwhile, bears are watching the rejection at resistance1 at 130.72 and EMA50 at 130.76 to push lower.
With RSI at 54.05 and price at 130.52, the market remains in a neutral state. 🎯
This is a classic squeeze between key moving averages. 👀
When you have faced a setup this tight on a perpetual contract, did you wait for the breakout or fade the move? 🧭
#SKHY #StockMarket #TechnicalAnalysis #MarketUpdate #BinanceSquare
⚠️ Perpetual contracts are leveraged derivatives, not the stock or commodity itself.
Risk note: leverage magnifies losses. Plan the exit before the entry.
