$SKY /USDC BULLISH STRUCTURE HOLDING ABOVE KEY SUPPORT
SKY is showing a constructive higher-low pattern after a minor pullback, holding above critical support levels. The price action suggests accumulation, with buyers defending structure and preparing for a potential continuation toward recent highs.
Parabolic SAR beneath price and short-term moving averages in bullish alignment indicate strengthening momentum. Volume during consolidation reflects absorption on dips, signaling weakening selling pressure and readiness for the next upward move.
Volatility contraction near recent highs suggests energy is building for another expansion. Sustained support keeps bullish continuation in focus.
LONG SETUP
Entry Zone: Pullback into short-term support / consolidation base
Stop Loss: Below the higher low and structure invalidation
Targets:
TP1 – Retest of recent swing high
TP2 – Breakout into next resistance zone
TP3 – Measured move projection from prior impulse leg
Bullish continuation remains favored while structure holds and upward momentum expands. A break below support shifts bias toward range-bound behavior.
RISK MANAGEMENT
Risk 1–2% per trade. Take partial profits at TP1 and trail stop to secure gains. Focus on structured pullbacks and avoid chasing extended candles.
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