🚀 $SKY / USDT 4H Analysis: Rebound in Motion! 🟢
$SKY is showing solid bullish momentum on the 4H chart after bouncing off recent local lows! Here is what the technicals are telling us:
📊 Key Technical Metrics:
• Current Price: ~$0.06347 (+6.37%)
• Parabolic SAR: Dots flipped below the price (~0.05787), indicating a bullish trend shift.
• RSI (6): 71.35 — Approaching overbought territory, showing strong buying pressure.
• MACD: Bullish crossover confirmed with green histogram bars forming.
🎯 Trade Setup:
• Support Zone: $0.0579 - $0.0600
• Immediate Resistance / Target 1: $0.0648 - $0.0696
• Target 2: $0.0734 - $0.0745
💡 Strategy:
Keep an eye on a potential minor retest around $0.060 - $0.061 for a safer entry. Watch RSI for signs of cooling off before chasing higher targets!
What’s your plan for $SKY ? Let us know below! 👇
$SKY is showing solid bullish momentum on the 4H chart after bouncing off recent local lows! Here is what the technicals are telling us:
📊 Key Technical Metrics:
• Current Price: ~$0.06347 (+6.37%)
• Parabolic SAR: Dots flipped below the price (~0.05787), indicating a bullish trend shift.
• RSI (6): 71.35 — Approaching overbought territory, showing strong buying pressure.
• MACD: Bullish crossover confirmed with green histogram bars forming.
🎯 Trade Setup:
• Support Zone: $0.0579 - $0.0600
• Immediate Resistance / Target 1: $0.0648 - $0.0696
• Target 2: $0.0734 - $0.0745
💡 Strategy:
Keep an eye on a potential minor retest around $0.060 - $0.061 for a safer entry. Watch RSI for signs of cooling off before chasing higher targets!
What’s your plan for $SKY ? Let us know below! 👇
