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【$SKYAI Signal】Short squeeze in progress, pullback is an opportunity
$SKYAI 1H level RSI surges to 88, price breaks above the 4H Bollinger upper band, initial signs of buy-side exhaustion. Funding rate at 0.22% rising in sync with open interest, typical short squeeze fuel. Going all-in at this position is very risky, but bullish sentiment remains, wait for a pullback.
🎯Direction: Pullback to go long
⚡Entry/Order: Within the 0.08006 - 0.11619 range, prioritize placing buy orders around 0.095
🛑Stop-loss: 0.07333
🚀Target 1: 0.09352
🚀Target 2: 0.10024
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move stop-loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
Order book depth shows buy support concentrated at 0.116, sell pressure is dispersed but ongoing. 1H MACD fast and slow lines are opening upward, momentum still present, but the 4H level is already severely overbought. This oscillation is typical of high-level turnover, not a trend end. Stable open interest indicates no large-scale capital withdrawal, and positive feedback from the funding rate may push the price to retest previous highs. The risk-reward ratio at this chasing-high position is not favorable; be patient and wait for a better market price.
Check real-time quotes 👇 $SKYAI
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