$SKY is trading in a tight range above 0.070, maintaining strength after its recent move. Price action reflects steady demand, with buyers defending support while gradually pushing toward resistance. This type of consolidation often leads to a continuation move once resistance is cleared.
Long Trade Setup:
Entry Zone: 0.0700 – 0.0705
Take Profit 1: 0.0715
Take Profit 2: 0.0730
Take Profit 3: 0.0750
Stop Loss (SL): 0.0690
Market Outlook:
Market structure remains positive on lower timeframes with consistent support holding at 0.0690. Immediate resistance near 0.0712 is the key level to watch. A breakout above this zone can shift momentum further in favor of buyers and open the path toward higher price levels.
Buy now and trade here on $SKY
SKY
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