2026-01-17 14:24:37

SKY has recently shown a good short-selling signal on the 4-hour timeframe. From a technical perspective, several key factors point to downward pressure.

**Current Price and Entry Strategy**
The price is hovering around 0.0641, reaching the upper area of the recent range (approximately the first 25% of the range height). In accordance with risk management principles, a light position is recommended, with each trade controlling around 0.7%. Set the stop loss at 0.0658, with a risk of about 2.69%. This setup provides a reasonable buffer for price rebounds.

**Technical Indicator Support**
The RSI has entered the overbought zone (above 65), indicating short-term overheating. Interestingly, the 0.0641 level itself is quite strong, having been tested 29 times historically, with a technical strength of 60%. Coupled with the performance of key moving averages, this forms a relatively clear resistance.

**Expected Targets**
If the short-selling logic is valid, the first target is around 0.0615 (reward-to-risk ratio 1.5:1), the second target is around 0.0598 (reward-to-risk ratio 2.5:1), and a more aggressive target could be 0.0572 (reward-to-risk ratio 4.0:1).

**Market Conditions**
Current trading volume is subdued, with a volume ratio of only 0.2, indicating moderate market participation. The long-short ratio is 1.33:1, reflecting a neutral to slightly weak sentiment. In this environment, don’t expect a one-sided sharp decline, but there are still opportunities for range-bound shorting.

**Key Reminder**
The ADX strength is at 50.7, indicating some trend strength. However, since this is a ranging market, S-level signals are relatively scarce and require stricter discipline in execution. The signal is valid for 480 minutes (starting from 2026-01-17 21:47), after which re-confirmation is needed.

Cryptocurrency markets are highly volatile, so short-selling should pay close attention to risk—strictly set stop losses and avoid greed. This analysis is for reference only; please reassess based on your own risk tolerance before entering any trades.

SKY0,53%

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ContractExplorer

· 2h ago

0.0641 this key level was tested 29 times? That's a bit heartbreaking, feels like it's about to break --- With such sluggish volume, daring to short? Your courage is really bold --- RSI overbought and thinking of crashing? Watch out for reverse pinning, buddy --- 480-minute validity period, feels like time is tight --- A short signal under low trading volume, how reliable is it? Question mark --- That target at 0.0572 is a bit greedy, better to be conservative for better sleep --- Neutral to slightly weak sentiment for shorting, almost like gambling --- A 2.69% stop loss feels a bit tight, easy to get shaken out --- This kind of volatile market is the most annoying, chopping back and forth like harvesting chives

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FantasyGuardian

· 2h ago

Don't try to short in a sluggish volume, be careful of getting crushed

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nft_widow

· 2h ago

0.7% position... Still debating about this, might as well just wait and see --- RSI overbought and thinking of shorting, I've seen this trick too many times, wait for a rebound before acting --- Would you dare to trade in a market with only 0.2x volume? I think I'll wait a bit longer --- So basically, it might go down or it might not, what's the point of this analysis --- I'm really impressed with the 480-minute invalidation setting, the market doesn't follow the rules anymore --- The key level 0.0641 has been tested 29 times, which means the bulls are very strong, I'm scared now --- It's most awkward to short in a sluggish market, easy to get trapped, better to miss out

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LiquidityOracle

· 2h ago

Trading volume is too low. How can I dare to hold a heavy position in this market? Better to wait and see. --- RSI is overbought but volume is sluggish. It feels like there’s still room for a rebound. No rush to sell. --- 0.0641 tested 29 times? That level is indeed a bit aggressive, but low volume shorting also carries risks. --- The 480-minute timeframe is too sensitive; I need to watch it constantly, which is a bit tiring. --- Neutral but slightly weak, still leaning towards shorting. That’s a bit bold. I’ll wait until the volume picks up. --- Stop loss is only 2.69%, quite strict, but the risk-reward ratio is just average. --- This is how a ranging market looks. Don’t expect big moves. Being more conservative is the right choice. --- Aggressive view at 0.0572? It’s possible, but only if the volume supports it. --- Long/short ratio of 1.33:1 doesn’t have much advantage. Why force a move now? --- ADX over 50 is not weak. How can it be a ranging market? It feels a bit contradictory.

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SelfCustodyBro

· 3h ago

Shorting in low-volume conditions... this wave requires careful selection of good entry points --- The 0.0641 level has been tested 29 times, if you dare to short, you must carefully consider the risk-reward ratio --- The volume is only 0.2 times, which is really awkward, don't expect a continuous rally --- RSI is overbought, but how deep can the market fall with this sentiment? Caution is wise --- 480-minute validity period, remember to review it when it expires, don't stick to outdated signals --- Entering with a small position of 0.7% is a decent suggestion, fear of greed will only get you wrecked --- The long/short ratio of 1.33 is slightly weak and leaning towards the downside, indicating some room for further decline --- This is how a sideways market looks, don't expect a one-sided trend, quick entries are key for shorts --- Key level strength is at 60%, whether it breaks depends on whether today's trading volume is strong enough --- An aggressive view at 0.0572 with a risk ratio of 4:1, but is it really brave to trade with such low volume?

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DAOplomacy

· 3h ago

ngl the whole "0.2x volume" thing basically screams low participation, which historically suggests path dependency on whoever moves first... arguably the incentive structures here are just sub-optimal for directional conviction

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