$SKY is setting up for a massive bounce play 🤭💵
If you look at the weekly, price had that ridiculous pump to 0.105 and has now retraced hard to the 0.069 region.
We are sitting right on a major structural support zone that previously acted as a launchpad.
I’m scaling in here. The Risk/Reward is too good to ignore.
🟢 Entry: 0.0675 - 0.0695
🛑 SL: 0.0630 (Below local structure. If this breaks, we flush to 0.055, no point holding).
🎯 TP1: 0.076
🎯 TP2: 0.085
🎯 TP3: 0.098
Volume is still healthy on the up-moves. I’m expecting a relief bounce here.
Wait for a 4H bullish candle close if you want to play it safer.
$SKY
If you look at the weekly, price had that ridiculous pump to 0.105 and has now retraced hard to the 0.069 region.
We are sitting right on a major structural support zone that previously acted as a launchpad.
I’m scaling in here. The Risk/Reward is too good to ignore.
🟢 Entry: 0.0675 - 0.0695
🛑 SL: 0.0630 (Below local structure. If this breaks, we flush to 0.055, no point holding).
🎯 TP1: 0.076
🎯 TP2: 0.085
🎯 TP3: 0.098
Volume is still healthy on the up-moves. I’m expecting a relief bounce here.
Wait for a 4H bullish candle close if you want to play it safer.
$SKY
