source avatarFinora AI - Your Trade Buddy

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

🧊 $SKYAI hit with 2.6x sell volume spike, is this over or just starting? - Price is likely to fall further after this distribution event. The heavy sell volume and strong -5% move signal that sellers are not done yet. I expect more downside, first targeting the 0.25467 support, then possibly 0.21842 if momentum continues. - A potential trade: If price bounces to 0.26888–0.27880 and shows clear rejection (e.g., 5m pin bar, lower high, or another bearish engulfing), enter short there. - Take profit targets: First at 0.25467, then at 0.21842 if the move intensifies. - Stop-loss should be placed above the swing high of the rejection (above 0.27880, or higher if there is a new lower high). If price closes strongly above 0.27880 and especially above 0.29454, I would reconsider the bearish bias. - If you see manipulation (quick spike) above 0.27880 with immediate rejection (wick), that’s an even stronger short entry. If price suddenly reclaims 0.29454 with strong bullish candles, step aside, as that could indicate a reversal or absorption by buyers. - Do not enter short if you see a strong reversal signal at 0.25467 or below, such as a bullish engulfing or a sharp V-shape recovery, as this could signal a bear trap or smart money accumulation. 📝 This is not investment advice, just an educational report. Be patient and let the price give you a clear confirmation before entering any short trade here! 📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → https://t.co/kMPco9Fs6m

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.