$SKY is flushing weak hands, not dying.
Down 8.82% today to $0.0571, but the selloff still looks more like a reset than capitulation. The 4h move is -7.4%, RSI is sitting at 23, and volume is only 1.2x its 20d average. Ugly chart. Not panic volume. 🩸
Funding is still positive at 0.005%, so longs are paying while price chops below mixed moving averages. That’s the part I don’t like.
At $0.057, I’m watching, not chasing. If it reclaims that level with real volume, the squeeze setup gets interesting. $BTC weakness can drag it lower, but SKY is already acting oversold on its own. ⚡
The crowd sees red. I see a market testing who actually has a plan.
#SKY #Binance
Down 8.82% today to $0.0571, but the selloff still looks more like a reset than capitulation. The 4h move is -7.4%, RSI is sitting at 23, and volume is only 1.2x its 20d average. Ugly chart. Not panic volume. 🩸
Funding is still positive at 0.005%, so longs are paying while price chops below mixed moving averages. That’s the part I don’t like.
At $0.057, I’m watching, not chasing. If it reclaims that level with real volume, the squeeze setup gets interesting. $BTC weakness can drag it lower, but SKY is already acting oversold on its own. ⚡
The crowd sees red. I see a market testing who actually has a plan.
#SKY #Binance