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$SKHY INSTITUTIONAL REJECTION AT SUPPLY ZONE – SHORT BIAS REMAINS 📉
Entry: 159.80 ⚡
Target: 158.50 🎯
Stop Loss: 161.50 ⚠️
📌 Price tagged the 160.00–160.20 supply block, exactly where sell-side liquidity sits from the previous structure shift. Volume on the 1H shows aggressive absorption, and the lack of follow-through above 160 tells us the imbalance is real. 📊 Meanwhile,
$BTC and
$ETH are showing relative weakness, which historically drags correlated plays lower.
💡 The micro-range between 159.60 and 160.20 is a textbook liquidity pool. Smart money likely stacked shorts there, and the rejection candle confirms their footprint. 🔍 Are you waiting for a full retest of that supply zone to add size, or already in from the initial push? 💬
⚠️ Not financial advice. Always manage your risk. 🛡️
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#SKHY #ShortSetup #Rejection #Crypto 🦈 📉