$SKY / USDT – Key Support & Potential Upside
Sky ($SKY) shows early signs of bullish continuation: buyers are defending the support zone, slowing the recent price pullback.
Trade Setup (for educational purposes):
Entry range: 0.072 – 0.073
Stop Loss (SL): 0.069
Take Profit (TP) targets:
TP1: 0.076
TP2: 0.082
TP3: 0.089
The price is attempting to form a higher low and move back toward resistance, which is a classic continuation pattern. A strong break above 0.073 may lead to the next liquidity zone. If the price drops below 0.069, the pattern fails.
Key takeaway: Monitor support and resistance levels closely. Always use stop-loss orders to manage risk, as crypto markets are highly volatile.