SKY/USDT — BUY ON BREAKOUT RETEST
SKY has broken above the ascending-triangle resistance after repeatedly defending the rising trendline. The 1H structure remains bullish, but the latest move has pulled back from $0.0981–$0.0989, so chasing here is not ideal.
Current market data shows SKY around $0.0940, while the recent Binance high reached about $0.0981.
Fundamentals also support the broader thesis: Sky currently has roughly $6.0B TVL, with about $27M in 30-day fees and $13M in 30-day revenue.
ENTRY: $0.0982–$0.0990 after reclaim
SL: $0.0930
TP1: $0.1014
TP2: $0.1050
Invalidation: 1H acceptance below $0.0930.
The key trigger is a clean reclaim of the breakout zone. Above it, SKY can challenge its previous ATH near $0.1014.
#SKY
$SKY
SKY has broken above the ascending-triangle resistance after repeatedly defending the rising trendline. The 1H structure remains bullish, but the latest move has pulled back from $0.0981–$0.0989, so chasing here is not ideal.
Current market data shows SKY around $0.0940, while the recent Binance high reached about $0.0981.
Fundamentals also support the broader thesis: Sky currently has roughly $6.0B TVL, with about $27M in 30-day fees and $13M in 30-day revenue.
ENTRY: $0.0982–$0.0990 after reclaim
SL: $0.0930
TP1: $0.1014
TP2: $0.1050
Invalidation: 1H acceptance below $0.0930.
The key trigger is a clean reclaim of the breakout zone. Above it, SKY can challenge its previous ATH near $0.1014.
#SKY
$SKY
