【$SKYAI Signal】Beware of false breakouts; risk of distribution at high levels

$SKYAI 1H level price surges above the upper Bollinger Band, with RSI spiking to 94 and a break in the buying order flow. The 4H level also stays above the upper Bollinger Band, with RSI as high as 82, and severe volume-price divergence. The funding rate of 0.1545% is relatively high, and the long-position holding cost continues to rise. Sell orders are clearly stacked above 0.1135, while buy-side depth is weak.

🎯 Direction: Wait and observe (place pullback limit orders)

⚡ Entry/Order: Within the 0.07976 - 0.11309 range, prioritize placing buy orders around 0.093.

🛑 Stop loss: 0.07313

🚀 Target 1: 0.09301

🚀 Target 2: 0.09964

🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to breakeven. If the price drops back into the entry zone, exit automatically to protect principal.

The current price is at an absolute high. RSI on both the 1H and 4H timeframes is severely overbought. Even though the MACD histogram bars are expanding, they are already showing signs of weakening. The position size remains stable, but the price is surging—this is a typical capital-driven rally, with an unstable foundation. Chasing at this point carries extremely high risk and a very poor risk-reward ratio. A more prudent strategy is to wait for a decent pullback and test the effectiveness of the support below. If the market participants truly have strong conviction, after the pullback there will be stronger buy order absorption, and entering then will be safer.

Check real-time market 👇 $SKYAI
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