SKHY is now around 144.4. It’s only one breath away from today’s high of 147. It looks really strong, and the script truly hasn’t changed.
In the past 24 hours, it’s pulled up nearly five percentage points. In the last 4 hours, there are bullish candles one after another, and even the moving averages have all turned back upward.
But if you dig into the other side of the order book, the proactive buying is only 40%, while sell orders make up 60%. During the rise, the sell pressure is even more aggressive than the buy side.
More importantly, the 7-hour open interest actually fell instead of rising—down about 4 percentage points. Taker volume also collapsed, shrinking by more than 60%. Price is climbing, but the money hasn’t kept up. The numbers don’t add up.
Also, the whale-side long positions are backing off. Over the past seven days, they’re down by nearly 8 points. They keep talking bullish, but their actions are flat.
From this spot, it still looks like the same old script: it taps the previous high and then shrinks back. Haven’t we seen this come back from 140 and 156 before? The batch that chased in gets turned into trapped holders again, supplying release-for-unlock.
Yes, it’s rising—but with this volume, it can’t support this price. I’m not chasing at 144. I’ll wait for it to pull back and then confirm before acting. It’s really unbeatable.
#skhy $SKHY