📊 Volume and flow data
Green candles are clearly seeing an increase in volume (with 137M volume +2.6% move is a good signal — real buyers are coming into the market)
Flow is also in support:
Strong inflow on contracts in 4 hours (+392k)
In 1 hour (+111k)
Continuous buying in the spot over 24 hours (+154k)
👉 This all indicates that there is real demand coming from the bottom.
📈 Price action – $SKY
We have recovered about 40% from the low of 0.048
Now the price is near significant resistance:
120-day moving average
Old support/resistance zone 0.067–0.068
The candle closed near yesterday's high and the volume was good — if this level holds, generally upward moves continue.
🧠 My opinion
Cautiously bullish
Momentum is good, but waiting for complete confirmation is essential.
🎯 How I am trading $SKY
Ideal entry:
Waiting for a light pullback, on retest at 0.0665–0.0670
This old resistance should now become support, so it will be a better entry
Aggressive entry:
If you want to take it immediately, at ~0.0674
But I will keep the stop very tight so that there is no loss in reversal
Confirmation:
If a strong 4-hour candle closes above 0.0680
And volume should be well above 100M
Then it will prove that the breakout is indeed strong, not just noise
Stop loss:
Around 0.0638
(About 5.4% below the current level)
24h low and below MA20, to give price some breathing room but remain in risk control
🎯 Targets
First: 0.0701 (Resistance)
Next: 0.0758 (Next resistance)
📌 SKYUSDT (Perp)
Price: 0.0676
Change: +6.67%
If it breaks up, it could make a good move.
👀 Is anyone else $SKY watching? Are you already in or waiting for a pullback?
#SKY 🚀
