Don't blindly chase those green candlesticks.
Looking at the trend of
$SKYAI I, even though there's a breakout in price, the volume hasn't ramped up alongside it. A breakout without volume support is often just a 'fakeout'.
Market data shows there's a significant liquidity zone around 0.2. To hit these liquidity levels, the market needs to attract buyers, and right now, those chasing the highs are likely already caught in a trap.
Once the liquidity is drained, the price action often reverses.
It feels more like a potential pullback or reversal phase rather than a starting point for further gains.
Targeting 0.16303 to 0.29573
#SKAYI #Altcoin #binance