đ¨ $SKYAI Technical Short Setup â Healthy Correction Incoming đ¨
$SKY is undergoing a necessary pullback after failing to hold the $0.064 Fibonacci support. Price has slipped below the 30-day SMA, signaling momentum weakening, and the 4H 50-day MA confirms a bearish trend. The market is volatile, and $SKY needs to retreat toward $0.057 to clear over-leveraged longs and find fresh demand.
đ Futures Market Short Plans
1ď¸âŁ Short Now (Capture Technical Pullback)
⢠Entry: $0.0600 â $0.0620
⢠Take Profit: $0.0570 â $0.0545
⢠Stop Loss: $0.0630 (1.5%)
2ď¸âŁ Wait for Pullback to Short (Higher Risk/Reward)
⢠Entry: $0.0635 â $0.0645
⢠Take Profit: $0.0510
⢠Stop Loss: $0.0655
đĄ Strategy Insight: Shorting at resistance zones is ideal to capture the technical correction before a potential rebound. Patience and defined risk are key.
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