SKHY Now around 139, this spot is kind of interesting—it just got knocked back by a long upper wick.
In four hours, price dropped straight from 142.5 to 138.8, and it also slipped below the two moving averages. The rise didn’t hold—short-term it’s on the weaker side.
But on the other side, the contract’s active buy orders are still pressing against the sell orders. The buy-sell ratio is 1.4, and big players’ positions have been increasing for these seven hours.
Meanwhile, the order book says the opposite: the sell wall is thicker than the buy wall, and the spot market depth is leaning toward the short side.
In plain terms, it’s like two forces are pushing against each other: the breakout hasn’t worked, but funds are slowly accumulating at the low end.
I won’t rush to chase this kind of opposing, fighting price action—I’ll wait for it to choose a direction.
The key is whether it can hold around 138. Only if it stays and holds above, the longs’ moves count; if it breaks, then you have to wait for the next level.
At this point, it’s better to watch more and act less—more comfortable than trying to grab that green candle.
#skhy $SKHY
In four hours, price dropped straight from 142.5 to 138.8, and it also slipped below the two moving averages. The rise didn’t hold—short-term it’s on the weaker side.
But on the other side, the contract’s active buy orders are still pressing against the sell orders. The buy-sell ratio is 1.4, and big players’ positions have been increasing for these seven hours.
Meanwhile, the order book says the opposite: the sell wall is thicker than the buy wall, and the spot market depth is leaning toward the short side.
In plain terms, it’s like two forces are pushing against each other: the breakout hasn’t worked, but funds are slowly accumulating at the low end.
I won’t rush to chase this kind of opposing, fighting price action—I’ll wait for it to choose a direction.
The key is whether it can hold around 138. Only if it stays and holds above, the longs’ moves count; if it breaks, then you have to wait for the next level.
At this point, it’s better to watch more and act less—more comfortable than trying to grab that green candle.
#skhy $SKHY