$SKY : Liquidation Squeeze: Bears Trapped Near Critical Resistance
LONG SETUP SKY
Entry: $0.09900 - $0.09950
Stop Loss: $0.09528
Take Profit: $0.10719 (2R)
Key Levels: Support $0.09331 | Resistance $0.10208
Technical Analysis for $SKY : SKY is trading above its EMA9, EMA21 and EMA50, confirming an uptrend. RSI at 67 and ADX near 28 support momentum, while the price sits just above the upper Bollinger band. A bearish MACD histogram and a -10.3% orderbook imbalance act as a warning. Watch for a break below 0.0958 or a hold above 0.1020 for the next move.
Market Context: BTC stays bullish on 4h and daily charts, price around $86,100 with EMA20 above EMA50, and the broader market shows 62% green
Can $SKY hold support and challenge resistance? Follow for more data-led market setups.
LONG $SKY
LONG SETUP SKY
Entry: $0.09900 - $0.09950
Stop Loss: $0.09528
Take Profit: $0.10719 (2R)
Key Levels: Support $0.09331 | Resistance $0.10208
Technical Analysis for $SKY : SKY is trading above its EMA9, EMA21 and EMA50, confirming an uptrend. RSI at 67 and ADX near 28 support momentum, while the price sits just above the upper Bollinger band. A bearish MACD histogram and a -10.3% orderbook imbalance act as a warning. Watch for a break below 0.0958 or a hold above 0.1020 for the next move.
Market Context: BTC stays bullish on 4h and daily charts, price around $86,100 with EMA20 above EMA50, and the broader market shows 62% green
Can $SKY hold support and challenge resistance? Follow for more data-led market setups.
LONG $SKY
