SKHY is currently at 161, and within four hours it dropped 2.2% straight down. The latest candlestick fell from 164.7 all the way to 162.3, with the low briefly touching 159.8—both short moving averages have been breached. Over the past 24 hours it still looks positive, thanks to that big bullish candle earlier; now this bearish candle has already swallowed up the entire upswing.
What’s even more worth watching isn’t the chart, but the internal split among the big players: over the last seven hours, the long/short account ratio is up 5.6%, and 58% of accounts are holding long positions—yet the long/short position ratio has actually shrunk by 1.33%. Many people are long, but their positions are small. The entries are all small orders, while the truly large players are dumping from the high side downward. Layered on top of that, contract open interest over one day shrank by 1.6%, funding rates are “welded” at 0, and no new money has come into the leverage side at all.
The active trades make the message clear: buys make up only 37.6%, while sell volume is one and a half times the buy volume. On the order book, the sell-side depth is also pressing down on buys (0.72). This push higher is insiders selling into the strength, not outsiders lifting the carriage.
I’m directly bearish on SKHY. Any rebound above 162 (around the 15-minute MA20 area) is the short entry point. The target is to revisit the prior low zone around 157–158. The daily chart’s direction still has UP hanging, and today’s high at 166.7 is sitting there as well—so once the 15-minute buy-side regains 50% or more and price reclaims MA20 at 163.2, after the selling pressure is absorbed, the shorts will immediately admit fault and exit.
#skhy $SKHY
What’s even more worth watching isn’t the chart, but the internal split among the big players: over the last seven hours, the long/short account ratio is up 5.6%, and 58% of accounts are holding long positions—yet the long/short position ratio has actually shrunk by 1.33%. Many people are long, but their positions are small. The entries are all small orders, while the truly large players are dumping from the high side downward. Layered on top of that, contract open interest over one day shrank by 1.6%, funding rates are “welded” at 0, and no new money has come into the leverage side at all.
The active trades make the message clear: buys make up only 37.6%, while sell volume is one and a half times the buy volume. On the order book, the sell-side depth is also pressing down on buys (0.72). This push higher is insiders selling into the strength, not outsiders lifting the carriage.
I’m directly bearish on SKHY. Any rebound above 162 (around the 15-minute MA20 area) is the short entry point. The target is to revisit the prior low zone around 157–158. The daily chart’s direction still has UP hanging, and today’s high at 166.7 is sitting there as well—so once the 15-minute buy-side regains 50% or more and price reclaims MA20 at 163.2, after the selling pressure is absorbed, the shorts will immediately admit fault and exit.
#skhy $SKHY
