📢 $SKHY / $USDT | 🔴 SHORT | ⭐ 67.2%
🎯 Objective: $157.70. Is it still falling?
🎯 Trade levels:
🟢 Entry: $160.68
🛑 Stop Loss: $162.47
🏁 TP1: $157.70
🏁 TP2: $157.10
🏁 TP3: $155.91
📉 Analysis:
The bearish structure in $SKHY / $USDT is consolidating after the formation of distribution patterns such as double top and triple top, with a bearish alignment across all timeframes. The ADX at 28.17 confirms a trend with enough strength, while the RSI at 40.17 still leaves room for the bearish move to deepen without yet entering extreme oversold conditions. The EMAs 20, 50, and 200 remain in a bearish cascade, acting as dynamic resistances that limit any price recovery.
⚖️ Risk/Reward: 1:1.66
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The invalidation level is placed at the stop loss, protecting the position in case of a possible reversal over the $161.93 resistance. The bearish thesis remains valid as long as the price fails to consolidate closes above the EMA20, confirming rejection in the current liquidity zone.
Do you think the $158.78 support will be enough to stop the current bearish momentum?
💡 This analysis is for educational purposes and is not financial advice. Do your own research and decide calmly.
#crypto #SKHY #trading #Futures #Bearish
🎯 Objective: $157.70. Is it still falling?
🎯 Trade levels:
🟢 Entry: $160.68
🛑 Stop Loss: $162.47
🏁 TP1: $157.70
🏁 TP2: $157.10
🏁 TP3: $155.91
📉 Analysis:
The bearish structure in $SKHY / $USDT is consolidating after the formation of distribution patterns such as double top and triple top, with a bearish alignment across all timeframes. The ADX at 28.17 confirms a trend with enough strength, while the RSI at 40.17 still leaves room for the bearish move to deepen without yet entering extreme oversold conditions. The EMAs 20, 50, and 200 remain in a bearish cascade, acting as dynamic resistances that limit any price recovery.
⚖️ Risk/Reward: 1:1.66
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The invalidation level is placed at the stop loss, protecting the position in case of a possible reversal over the $161.93 resistance. The bearish thesis remains valid as long as the price fails to consolidate closes above the EMA20, confirming rejection in the current liquidity zone.
Do you think the $158.78 support will be enough to stop the current bearish momentum?
💡 This analysis is for educational purposes and is not financial advice. Do your own research and decide calmly.
#crypto #SKHY #trading #Futures #Bearish
