$SKY has pulled back recently, but I'm more focused on the buyback mechanism behind it.
Sky Protocol uses a portion of its protocol surplus to buy back SKY.
According to public buyback data, approximately $5.02 million worth was bought back over the past 30 days, an increase of about 114% from the previous 30 days.
But don't rush to buy the dip.
SKY just hit an all-time high on October 5, then pulled back about 21% from that peak. Short-term volatility is high.
Entry: $0.0815–$0.0825 (after it regains and holds this level)
Take profit: $0.0845 / $0.0870 / $0.0904 / $0.0949 / $0.1000
Stop loss: $0.0770
What I want to see isn't the pullback itself, but whether the price can regain and hold key levels.
Sky Protocol uses a portion of its protocol surplus to buy back SKY.
According to public buyback data, approximately $5.02 million worth was bought back over the past 30 days, an increase of about 114% from the previous 30 days.
But don't rush to buy the dip.
SKY just hit an all-time high on October 5, then pulled back about 21% from that peak. Short-term volatility is high.
Entry: $0.0815–$0.0825 (after it regains and holds this level)
Take profit: $0.0845 / $0.0870 / $0.0904 / $0.0949 / $0.1000
Stop loss: $0.0770
What I want to see isn't the pullback itself, but whether the price can regain and hold key levels.