an attempt at bottoming around these levels. First price target around 800 Sats would be a good profit level, but 1100s could be possible for a swing on continued strength. For a longer-term horizon I would like to see SKY get above 800s and show signs of support at that level - recall the fall from 3000s to 1000s happened very quickly and likely caused a lot of emotional upset for traders/investors during that period:
However, could also mean that getting to 3000s from 1000s may also be quick if SKY fundamentals continue developing in a positive way.
R/R at current level isn't ideal BUT general pattern and setup indicate a high probability of at least a test close to 800s before any further support test/breakdown around 450s.
However, could also mean that getting to 3000s from 1000s may also be quick if SKY fundamentals continue developing in a positive way.
R/R at current level isn't ideal BUT general pattern and setup indicate a high probability of at least a test close to 800s before any further support test/breakdown around 450s.