【$SKYAI Signal】Long + 1H Momentum Breakout and Short Squeeze

$SKYAI A strong breakout above the 1H resistance level, with the price reaching a new intraday high of 0.05141, currently consolidating strongly at high levels. The 4H chart shows three consecutive bullish candles with increasing volume, indicating strong trend momentum. The current price is 0.05067, just above the key breakout level, confirming a bullish pattern.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0505 - 0.0508

🛑Stop Loss: 0.0491

🚀Target 1: 0.0528

🚀Target 2: 0.0550

🛡️Trade Management:

- Position Size Recommendation: Light position

- Execution Strategy: When the price reaches 0.0528, take profit on 50% of the position, and move the remaining stop loss up to the entry price of 0.0505. If the price strongly breaks above 0.0528 and stabilizes, consider raising the remaining target to 0.0570.

Deep Logic: This is a typical momentum breakout with potential short squeeze. The 1H RSI is at 80, indicating extreme strength, but combined with a 14% gain on the 4H chart and stable open interest (OI Stable), this is not just overbought but a sign of continuous capital inflow. The key point is the funding rate at 0.1131%, which is significantly positive, yet the price remains resilient and upward, putting immense pressure on shorts and increasing the likelihood of a short squeeze. Order book data shows unusually thick buy orders around 0.0505, providing strong support. The 1H EMA20 (0.0478) has turned into a strong support level, with the price well above the moving average, indicating ample momentum.

View real-time market 👇 $SKYAI

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