I faced coin $SKYAI a strong local horizontal resistance near the 0.12500 level, leading to a clear slowdown in momentum after the last rise.
📍 Monitoring area:
0.11500 – 0.12500
🎯 Correction targets:
• TP1: 0.10306
• TP2: 0.09387
• TP3: 0.08418
❌ Scenario invalidation:
A clear close above 0.12800, which means a breakout of the R resistance and cancellation of the corrective scenario, with a likelihood of resuming the upward move
📊 Indicators show the price reaching the overbought zone (70.34), along with a decline in momentum and the appearance of an Overbought ⚠️ signal, which may indicate exhaustion of buying power at current levels.
Technically, as long as the price remains below 0.12500, the bearish corrective scenario remains the most likely in the near term, targeting the next support levels.
📍 Monitoring area:
0.11500 – 0.12500
🎯 Correction targets:
• TP1: 0.10306
• TP2: 0.09387
• TP3: 0.08418
❌ Scenario invalidation:
A clear close above 0.12800, which means a breakout of the R resistance and cancellation of the corrective scenario, with a likelihood of resuming the upward move
📊 Indicators show the price reaching the overbought zone (70.34), along with a decline in momentum and the appearance of an Overbought ⚠️ signal, which may indicate exhaustion of buying power at current levels.
Technically, as long as the price remains below 0.12500, the bearish corrective scenario remains the most likely in the near term, targeting the next support levels.