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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 0.0582–0.0583 pivot, a continuation toward the 0.0591+ zone looks probable.
📊 Market Snapshot
Timeframe Analyzed: 1H
Current Price: 0.05856
24h High: 0.05858
24h Low: 0.05507
Volume: 27.61M SKY
📌 Key Levels to Watch
Support: 0.05829, 0.05744, 0.05658, 0.05573
Resistance: 0.05895, 0.05915, 0.05980
🎯 Trade Setup
Entry Zone: 0.05820 to 0.05860
TP1: 0.05895
TP2: 0.05915
TP3: 0.05980
SL: 0.05695
⚠️ Invalidation
Setup invalid if price loses 0.05744 and fails to reclaim it on 1H.
✨ 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