SKHY is currently around 143.9. Today it dropped from 152 to 138 and then bounced back. The daily chart left a long lower wick. Once this kind of candlestick appears, many people will say it’s a bottom, but the data is more complicated than the candlestick alone.
Look at aggressive trading. The aggressive buy order side accounts for 56.8%. In the past 7 hours, aggressive volume has more than doubled. Some people are taking positions at the low end—and fairly proactively. It’s not just placing limit orders and waiting; they’re directly buying upward.
On the other hand, this rebound hasn’t held. It bounced up to 145.9 and then fell back, returning to 143. So among the last four-hour candles, 5 out of 6 are red, and the trend is still moving downward.
The key is what the whales are doing. In the past 7 hours, whale holdings have decreased by nearly 19%, and the number of accounts has fallen by 6%. During the drop they reduced positions, and even as it bounced they continued to cut—this is not a buildup/add-to-position move.
So the current situation is: some participants are buying, but big capital is reducing. This kind of disagreement is the hardest to judge. There is indeed money testing the waters here, but it hasn’t formed a consensus yet. A long lower wick can be a base—or it can simply be a rebound after a deep drop. It will be more comfortable to enter once the direction is confirmed rather than right now.
#skhy $SKHY
Look at aggressive trading. The aggressive buy order side accounts for 56.8%. In the past 7 hours, aggressive volume has more than doubled. Some people are taking positions at the low end—and fairly proactively. It’s not just placing limit orders and waiting; they’re directly buying upward.
On the other hand, this rebound hasn’t held. It bounced up to 145.9 and then fell back, returning to 143. So among the last four-hour candles, 5 out of 6 are red, and the trend is still moving downward.
The key is what the whales are doing. In the past 7 hours, whale holdings have decreased by nearly 19%, and the number of accounts has fallen by 6%. During the drop they reduced positions, and even as it bounced they continued to cut—this is not a buildup/add-to-position move.
So the current situation is: some participants are buying, but big capital is reducing. This kind of disagreement is the hardest to judge. There is indeed money testing the waters here, but it hasn’t formed a consensus yet. A long lower wick can be a base—or it can simply be a rebound after a deep drop. It will be more comfortable to enter once the direction is confirmed rather than right now.
#skhy $SKHY