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The market is closed for the weekend, but my algorithm @AICRYPTOUSDUA_bot and I are already calculating the Monday open. In focus: SKDDUSDT (a derivative directly correlated with TradFi giant SK Hynix).
What we see on the 2-hour chart (2h): After its parabolic rise, the asset has entered a pronounced distribution phase. Price is forming a local descending channel right at the trend peak, trading heavily around a massive horizontal volume shelf (VPVR) in the 11.60–11.70 range.
📉 Plan for the market open: I’m preparing to open a short position from the upper boundary of this base. The stop-loss will be tight and firm—we’ll place it beyond the last structural high (above 12.00). The most interesting part is the targets. Below the current volume shelf lies an absolute liquidity void (imbalance). If we break below the channel support, the price will be pulled like a magnet toward the next Smart Money blocks, with the potential for a deep correction all the way to 7.50 or lower.
The risk/reward ratio (R:R) here is phenomenal. We’re waiting for institutional players to react at the open of the Asian session.
The math is done; all that’s left is to wait for the trigger. Have you already put together your trading plan for the start of the week? What do you think? 👇