🚨 If you are blindly chasing this 17% green candle, you are literally the exit liquidity for the smart money. 🩸
$SKYAI is printing a juicy 19% daily pump, but take a step back and look at the bigger picture: this asset is still down a staggering 78% over the last 180 days. The 24h volume is a relatively light 24M+ USDT, and the order book is showing 57% sell pressure. That massive red wick down to 0.033 wasn't a fluke; it was a warning shot. I’m not buying this fakeout breakout; instead, I'm personally playing the downside as the hype cools off and the weak hands get shaken out.
My personal short position setup:
Entry: 0.03680
Stop Loss: 0.03990 (Don't be a hero, accept the loss if it pushes past the 24h high)
Target 1: 0.03400
Target 2: 0.03150
Protect your capital, this chart is a textbook trap for overleveraged longs.
$SKYAI
$SKYAI is printing a juicy 19% daily pump, but take a step back and look at the bigger picture: this asset is still down a staggering 78% over the last 180 days. The 24h volume is a relatively light 24M+ USDT, and the order book is showing 57% sell pressure. That massive red wick down to 0.033 wasn't a fluke; it was a warning shot. I’m not buying this fakeout breakout; instead, I'm personally playing the downside as the hype cools off and the weak hands get shaken out.
My personal short position setup:
Entry: 0.03680
Stop Loss: 0.03990 (Don't be a hero, accept the loss if it pushes past the 24h high)
Target 1: 0.03400
Target 2: 0.03150
Protect your capital, this chart is a textbook trap for overleveraged longs.
$SKYAI