$SKI /USDT — Short Setup 📉
After a 20.31% surge, $SKI is starting to show weakness near the highs, with rejection wicks forming and bearish divergence on the Supertrend, suggesting potential distribution.
Trade Plan:
Entry: 0.007750 – 0.007765
Stop Loss: 0.008000
Targets:
🎯 TP1: 0.007000
🎯 TP2: 0.006200
🎯 TP3: 0.005400
Analysis:
Sellers are beginning to step in as price struggles to hold near recent highs. Momentum is shifting bearish near Supertrend resistance, increasing the probability of a pullback.
Despite strong on-chain activity with 336K holders, short-term price action suggests downside toward key support levels if selling pressure continues.
Short here 👇
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