SKY is battling below the 20‑day EMA, testing a fresh swing low at 3.12. The down‑trend is tightening as sellers dominate the 4‑hour chart.
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🔴 $SKY SHORT 📉
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📍 Entry Range: $0.063327 – $0.063453
🛑 Stop Loss: $0.065292 (-3.0%)
🎯 TP1: $0.062439 (+1.5%)
🏆 TP2: $0.060220 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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A clear change of character broke the bullish swing and the order block around 3.15 aligns with a fair‑value gap that remains unfilled. CVD shows volume spiking to the downside, confirming the break, while a recent liquidity sweep ripped through the prior swing high, creating a POI where the OB and FVG overlap. The market structure now shows lower highs and lower lows, setting the stage for a short swing.
A 3.0% stop is relatively tight on a 1.7 R/R trade, so a max of 5‑6× leverage keeps margin safe.
Take half profit around the first target near 3.25 to lock in gains.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$SKY #SKYUSDT #THORChain #TradingSignals #Write2Earn
━━━━━━━━━━━━━━━━━━━━━
🔴 $SKY SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.063327 – $0.063453
🛑 Stop Loss: $0.065292 (-3.0%)
🎯 TP1: $0.062439 (+1.5%)
🏆 TP2: $0.060220 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
━━━━━━━━━━━━━━━━━━━━━
A clear change of character broke the bullish swing and the order block around 3.15 aligns with a fair‑value gap that remains unfilled. CVD shows volume spiking to the downside, confirming the break, while a recent liquidity sweep ripped through the prior swing high, creating a POI where the OB and FVG overlap. The market structure now shows lower highs and lower lows, setting the stage for a short swing.
A 3.0% stop is relatively tight on a 1.7 R/R trade, so a max of 5‑6× leverage keeps margin safe.
Take half profit around the first target near 3.25 to lock in gains.
DYOR — this isn't financial advice, size your risk accordingly 🙏
$SKY #SKYUSDT #THORChain #TradingSignals #Write2Earn