After experiencing a significant surge, the 1H timeframe is currently undergoing a healthy pullback and consolidation, with the price finding initial support near the EMA20 (0.0508). The 4H trend remains strong, having broken through the previous consolidation platform. The current pullback can be seen as a confirmation of the breakout. Market depth data shows substantial buy-side volume, open interest remains stable, and although the funding rate is positive, it has not reached dangerous levels. The main force's intention to support the price is clear.
🎯Direction: Long $SKYAI Long( ⚡Entry/Order: 0.0510 - 0.0515 🛑Stop Loss: 0.0495 🚀Target 1: 0.0545 🚀Target 2: 0.0570 🛡️Trading Management: - Position suggestion: Light position - Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back and breaks the moving stop loss, exit all positions. Depth logic: The 1H RSI (58.52) is in a healthy zone, preparing for another upward move. The 4H candlestick structure shows healthy characteristics of volume expansion during upward movement and volume contraction during pullbacks. The market depth imbalance is -48.89%, but there are dense buy orders below (around 0.0513-0.0514), indicating active capital absorption. The selling pressure from bears is effectively absorbed. Combined with stable open interest, this is not a main force distribution but a typical upward continuation shakeout. View real-time market 👇)#Gate广场发帖领五万美金红包 $SKYAI
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After experiencing a significant surge, the 1H timeframe is currently undergoing a healthy pullback and consolidation, with the price finding initial support near the EMA20 (0.0508). The 4H trend remains strong, having broken through the previous consolidation platform. The current pullback can be seen as a confirmation of the breakout. Market depth data shows substantial buy-side volume, open interest remains stable, and although the funding rate is positive, it has not reached dangerous levels. The main force's intention to support the price is clear.
🎯Direction: Long $SKYAI Long(
⚡Entry/Order: 0.0510 - 0.0515
🛑Stop Loss: 0.0495
🚀Target 1: 0.0545
🚀Target 2: 0.0570
🛡️Trading Management:
- Position suggestion: Light position
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back and breaks the moving stop loss, exit all positions.
Depth logic: The 1H RSI (58.52) is in a healthy zone, preparing for another upward move. The 4H candlestick structure shows healthy characteristics of volume expansion during upward movement and volume contraction during pullbacks. The market depth imbalance is -48.89%, but there are dense buy orders below (around 0.0513-0.0514), indicating active capital absorption. The selling pressure from bears is effectively absorbed. Combined with stable open interest, this is not a main force distribution but a typical upward continuation shakeout.
View real-time market 👇)#Gate广场发帖领五万美金红包 $SKYAI