🔥 $SKHY LONG — WAITING FOR A SHORT-TERM MEAN REVERSION FROM THE OVERBOUGHT ZONE
I’m watching $SKHY when RSI drops into the overbought area, while the long lower candle wicks suggest that selling pressure is showing signs of weakening.
If the current support zone holds, I expect a short-term mean reversion move that could bring the price back toward the target zones above.
📍 My plan:
• Entry: 165.90 – 168.80
• TP1: 174.46
• TP2: 180.90
• SL: 161.01
⚠️ However, this is still a bounce trade in the context of a strong downtrend. If support breaks, $SKHY can easily continue seeking lower price levels.
Not all-in. No FOMO. Risk management first, profits later.
I’m sizing the position according to the account’s risk level.
Watch how price reacts in the 165.99 – 168.80 area 👀
Click here to Trade 👇️
I’m watching $SKHY when RSI drops into the overbought area, while the long lower candle wicks suggest that selling pressure is showing signs of weakening.
If the current support zone holds, I expect a short-term mean reversion move that could bring the price back toward the target zones above.
📍 My plan:
• Entry: 165.90 – 168.80
• TP1: 174.46
• TP2: 180.90
• SL: 161.01
⚠️ However, this is still a bounce trade in the context of a strong downtrend. If support breaks, $SKHY can easily continue seeking lower price levels.
Not all-in. No FOMO. Risk management first, profits later.
I’m sizing the position according to the account’s risk level.
Watch how price reacts in the 165.99 – 168.80 area 👀
Click here to Trade 👇️