🤖 AI Insight

Based on the provided technical analysis, here's an overview of SKYUSDT's trends and advice on buying and shorting positions:

1. Long position (Buy): The best Long entry price considers the EMA25 as the strongest support for long positions. In this case, the Buy price around 0.055 (EMA25 level). Since the average volume is decreasing, we could anticipate a brief recovery before price continues declining. Consider using stop-loss close to the previous support if trading within a narrow range.

2. Short position (Sell): Given the price is at the EMA7, which is the closest resistance, consider a Sell strategy. If the price breaks the support at 0.06 (EMA7), turn Bearish. Keep the short position open as long as the price remains below the EMA25 support (0.055).

Additionally, since the short position is aggressive and involves higher risk, consider the following parameters:

- Short entry price: 0.058 (EMA25 level, close above the resistance zone)
- Take profit: 0.0525 (Support area, close below EMA25)
- Stop loss strategy: Place initial stop-loss orders slightly above the resistance zone (0.0585) and gradually move the stop-loss to the breakeven once your trade starts showing a profit. This would help lower losses but limit potential profits, too.