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$SKY Long Setup Alert, Bull Analysis
$SKY /USDT shows a clean V-reversal from the 0.055 area and is now holding higher lows near the intraday top. With price consolidating above the 0.0582โ0.0583 pivot, a continuation toward the 0.0591+ zone looks probable.
๐ Market Snapshot
Timeframe Analyzed: 1H
Current Price: 0.05856
24h High: 0.05858
24h Low: 0.05507
Volume: 27.61M SKY
๐ Key Levels to Watch
Support: 0.05829, 0.05744, 0.05658, 0.05573
Resistance: 0.05895, 0.05915, 0.05980
๐ฏ Trade Setup
Entry Zone: 0.05820 to 0.05860
TP1: 0.05895
TP2: 0.05915
TP3: 0.05980
SL: 0.05695
โ ๏ธ Invalidation
Setup invalid if price loses 0.05744 and fails to reclaim it on 1H.
โจ Summary
Bullish continuation setup. As long as price stays above 0.05744, the path toward 0.05980 remains in play. Watch for a break and retest of 0.05895 with volume expansion.
#SKY #CryptoTrading #Binance #DeFi #Altcoins