$SKY — The Breakout Is In, Now Comes the Real Test.
$SKY has broken out of its falling wedge and is now retesting the horizontal support zone.
➠ Holding this level could confirm a bullish continuation.
➠ $0.076 is the first resistance to watch.
➠ $0.080 is the next upside level.
The key is simple: support must hold for the breakout to gain strength. A successful retest could open the door for another leg higher, while losing support would weaken the setup.
Watching how $SKY reacts at this level.
$SKY has broken out of its falling wedge and is now retesting the horizontal support zone.
➠ Holding this level could confirm a bullish continuation.
➠ $0.076 is the first resistance to watch.
➠ $0.080 is the next upside level.
The key is simple: support must hold for the breakout to gain strength. A successful retest could open the door for another leg higher, while losing support would weaken the setup.
Watching how $SKY reacts at this level.