To be honest, at this position ($SKHY ) I wouldn’t chase a breakout. The daily chart is still ranging, not showing signs of a one-way start. On the 4-hour chart, that high-volume bullish candle looks more like a trap—lifting price to leave room for short positions.
When the rebound reaches the area with dense order flow, volume hasn’t kept up, and the short-term indicators are also at high levels. This is the time to set up a short: place the stop-loss above the level where the structure breaks, so the risk-reward ratio is actually worth it. Wait for confirmation to enter—if anything, it’s better to be more proactive at this level.
🔴 Trading direction: Short
📍 Entry range: 147.63908 – 148.71845
🛑 Stop-loss: 158.14553
🎯 Take-profit 1: 140.70369
🎯 Take-profit 2: 135.72031
🎯 Take-profit 3: 128.24523
#SKHY
Click below to trade 👇
When the rebound reaches the area with dense order flow, volume hasn’t kept up, and the short-term indicators are also at high levels. This is the time to set up a short: place the stop-loss above the level where the structure breaks, so the risk-reward ratio is actually worth it. Wait for confirmation to enter—if anything, it’s better to be more proactive at this level.
🔴 Trading direction: Short
📍 Entry range: 147.63908 – 148.71845
🛑 Stop-loss: 158.14553
🎯 Take-profit 1: 140.70369
🎯 Take-profit 2: 135.72031
🎯 Take-profit 3: 128.24523
#SKHY
Click below to trade 👇