$SKY trade update — pressure building.
Price is hovering around 0.0672 and yes, the move pushed slightly against the initial short. No panic. This is where positioning matters.
I’m DCA’ing inside 0.0668–0.0682, tightening the average and leaning into resistance while structure remains heavy.
🔻 Short SKY
Entry 1: 0.0668
Entry 2: 0.0682
Stop Loss: 0.0698
🎯 TP1: 0.0635
🎯 TP2: 0.0608
The thesis hasn’t changed. Price is grinding under local resistance, upside attempts lack expansion, and liquidity sits below recent lows. If momentum rolls over, 0.0635 is the first magnet. Lose that and 0.0608 comes into play fast.
But respect the line in the sand. A clean break above 0.0698 invalidates the setup and likely squeezes late shorts.
This is a controlled play — structure, levels, risk defined.
Potential ranges from 100% to 500% depending on leverage and execution, but only if risk is managed properly.
Not financial advice. Do your own research.
Stay sharp.
