SKYQ — Primed for a 78% Relief Rally at SupportSky Quarry, Inc.BATS:SKYQTaxpayerTrades## Market Overview: Sky Quarry Inc. (NASDAQ: SKYQ) Following its explosive parabolic rally in late July that pushed highs above $7.00, (https://www.tradingview.com/chart/8knCpvDH/?symbol=NASDAQ%3ASKYQ) has spent the last few weeks working off its overextended momentum through a clean, controlled descending consolidation channel. Selling pressure is now visibly drying up as price enters a major macro support floor. --- ## Technical Breakdown * **The Pullback:** The downward-sloping trendline has acted as a predictable corrective channel, flushing out weak hands and cooling off short-term indicators. * **Demand Zone:** Price is currently basing out cleanly inside the **$2.50 – $2.68** horizontal demand region, where buyers are beginning to step back in. * **Momentum Shift:** A confirmed breakout and volume expansion above the descending channel resistance will signal the end of the consolidation phase and open the door for trend continuation. --- ## Trade Setup & Execution Plan * **Setup Type:** Mean Reversion / Trend Continuation Support Play * **Target (TP):** **$5.08** (~78.9% upside potential from current base levels) * **Risk Management / Stop Loss (SL):** Positioned safely below the immediate swing low floor under **$2.50** to invalidate the setup if macro demand fails. --- *Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice. Always manage your risk and trade according to your own risk tolerance.*