$SKHY Rejection Setup!!! Overextended rally facing heavy resistance. Sell Short Now With 10x Leverage...📉
Entry Zone: $188.50 - $190.00
TP 1: $182.00
TP 2: $176.00
TP 3: $168.00
TP 4: $160.00
SL: $198.50
Setup Logic:
Price has surged over 20% in a short period and is now testing a major resistance zone.
4H chart shows rejection candles after the impulsive move, indicating buyer exhaustion.
Profit-taking is likely after such a strong rally.
Losing the $186-$188 support area could trigger a deeper correction toward lower liquidity.
The current setup offers a favorable risk-to-reward for a short-term short trade.
Risk Management: Don't over leverage or revenge trade. Protect your capital and manage risk properly. The market will always provide new opportunities.
Entry Zone: $188.50 - $190.00
TP 1: $182.00
TP 2: $176.00
TP 3: $168.00
TP 4: $160.00
SL: $198.50
Setup Logic:
Price has surged over 20% in a short period and is now testing a major resistance zone.
4H chart shows rejection candles after the impulsive move, indicating buyer exhaustion.
Profit-taking is likely after such a strong rally.
Losing the $186-$188 support area could trigger a deeper correction toward lower liquidity.
The current setup offers a favorable risk-to-reward for a short-term short trade.
Risk Management: Don't over leverage or revenge trade. Protect your capital and manage risk properly. The market will always provide new opportunities.