$SKY #SKY 📉
Direction: SHORT
Entry zone: 0.063739 to 0.063995
Stop loss: 0.064825
Target 1: 0.062590
Target 2: 0.061632
Sky is trading near 0.063867 dollars, down 3.57 percent in 24 hours, inside a range of 0.063822 to 0.069076 dollars, and the recent closes show sellers in control with no real bounce, 0.064076, then 0.064030, then 0.063943, then 0.063935, then 0.063867. 🔴 My reading is that SKY is one of the weakest coins in the market right now, because it lost more than 3 percent on 6.0 million dollars of volume while Bitcoin was flat, and it is pinned at the bottom of its range instead of recovering with any relief. A short from the current zone, with a stop above 0.064825, targets 0.062590 first and then 0.061632 if sellers push through the range low. A rise above 0.064825 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Sky fall to 0.062590 first, or rise above 0.064825? 🤔
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#Sky #Crypto #FuturesTrading #TradingSignals