📢 $SKHYB / $USDT | 🔴 SHORT | ⭐ 71.3%
🎯 Goal: $149.58. Is it still falling?
🎯 Trading levels:
🟢 Entry: $154.43
🛑 Stop Loss: $157.34
🏁 TP1: $149.58
🏁 TP2: $148.61
🏁 TP3: $146.67
📉 Analysis:
The asset $SKHYB shows a bearish alignment across all timeframes with an ADX of 44.12, confirming a strong trend. We observe a bearish crossover in the MACD (momentum indicator) along with an RSI of 27.25 which, although it indicates oversold conditions, aligns with the confirmation of the triple-top pattern and an insufficient buy absorption in the face of selling pressure. The current structure trades below the 20 and 50 EMAs, staying far from the POC (point of control of highest volume) at $163.33, which reinforces the bearish bias.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
This thesis becomes invalid if the price breaks upward above $157.34, nullifying the current bearish structure. The setup is confirmed by the continuation of the current bearish impulse, while keeping an eye on the immediate support at $150.08.
Do you think the selling volume will be enough to break the $150.08 support in this session?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #SKHYB #trading #Futures #Bearish
🎯 Goal: $149.58. Is it still falling?
🎯 Trading levels:
🟢 Entry: $154.43
🛑 Stop Loss: $157.34
🏁 TP1: $149.58
🏁 TP2: $148.61
🏁 TP3: $146.67
📉 Analysis:
The asset $SKHYB shows a bearish alignment across all timeframes with an ADX of 44.12, confirming a strong trend. We observe a bearish crossover in the MACD (momentum indicator) along with an RSI of 27.25 which, although it indicates oversold conditions, aligns with the confirmation of the triple-top pattern and an insufficient buy absorption in the face of selling pressure. The current structure trades below the 20 and 50 EMAs, staying far from the POC (point of control of highest volume) at $163.33, which reinforces the bearish bias.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
This thesis becomes invalid if the price breaks upward above $157.34, nullifying the current bearish structure. The setup is confirmed by the continuation of the current bearish impulse, while keeping an eye on the immediate support at $150.08.
Do you think the selling volume will be enough to break the $150.08 support in this session?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #SKHYB #trading #Futures #Bearish
