$SKY - Bulls are getting trapped under the 0.05842 supply ceiling as consolidation tightens. One breakdown below 0.05731 could trigger a sharp squeeze 📉
Trade Plan: Short $SKY
✅ Entry: 0.057 – 0.059
⛔ SL: 0.06020
🎯 TP: 1️⃣ 0.05349 | 2️⃣ 0.05097 | 3️⃣ 0.04853
⚠️ Strategy: Adjust Quantities to that much you can afford to loose
🧑💻 Why this Setup?
Price is consolidating directly beneath the 0.05842 supply zone where bulls are showing signs of exhaustion. Buyers are struggling to reclaim the ceiling while sellers continue absorbing the pressure. If 0.05731 breaks, downside momentum could accelerate quickly and sweep through lower liquidity zones.
Click Here to Trade 👉 $SKY
Trade Plan: Short $SKY
✅ Entry: 0.057 – 0.059
⛔ SL: 0.06020
🎯 TP: 1️⃣ 0.05349 | 2️⃣ 0.05097 | 3️⃣ 0.04853
⚠️ Strategy: Adjust Quantities to that much you can afford to loose
🧑💻 Why this Setup?
Price is consolidating directly beneath the 0.05842 supply zone where bulls are showing signs of exhaustion. Buyers are struggling to reclaim the ceiling while sellers continue absorbing the pressure. If 0.05731 breaks, downside momentum could accelerate quickly and sweep through lower liquidity zones.
Click Here to Trade 👉 $SKY