$SKYAI
After fluctuating upward from around 0.030 to 0.03985, it was knocked back down by a large bearish candle after the spike. It is now consolidating sideways around 0.036. Upward momentum has clearly weakened, the high failed to hold, and volume has also declined after peaking.
Support levels: 0.0340 / 0.0320 / 0.0304
Resistance levels: 0.0370 / 0.0385 / 0.03985
Personal trade: Short
Entry: 0.0360-0.0368
Stop loss: 0.0402
Take profit: First target 0.0325, second target 0.0300.
After spiking and pulling back, the price is consolidating at elevated levels, with clear resistance. The stop loss is placed above the previous high with ample room, while the risk-reward ratio improves if the price retests the previous low.
After fluctuating upward from around 0.030 to 0.03985, it was knocked back down by a large bearish candle after the spike. It is now consolidating sideways around 0.036. Upward momentum has clearly weakened, the high failed to hold, and volume has also declined after peaking.
Support levels: 0.0340 / 0.0320 / 0.0304
Resistance levels: 0.0370 / 0.0385 / 0.03985
Personal trade: Short
Entry: 0.0360-0.0368
Stop loss: 0.0402
Take profit: First target 0.0325, second target 0.0300.
After spiking and pulling back, the price is consolidating at elevated levels, with clear resistance. The stop loss is placed above the previous high with ample room, while the risk-reward ratio improves if the price retests the previous low.