$SKY is forming a clean cup-and-handle pattern on the 15-minute chart, and the price is now sitting right at the resistance level. The overall structure looks like the market is getting ready to make a move.
Cup-and-handle is usually a bullish continuation pattern, and the way the price has been reacting shows that momentum is slowly building up. Especially in the handle section, the small pullback followed by a push toward resistance clearly indicates buyers are stepping in.
The key level to watch right now is 0.05450.
If the price can break above this level with a clean candle close, $SKY could trigger a sharp upward move, potentially with strong momentum—especially if volume picks up at the breakout.
Overall, the chart is showing a bullish bias, but the breakout above 0.05450 is the real game-changer here. If it fails to break, a small pullback is still possible. So everything depends on how the price reacts at this zone.
