SKY: Summary of discussions in Orange's muted chat group (Daily Market Analysis) (09:00:10 ~ 10:00:10)

1. Current Recommendation Sky Protocol's large-scale buyback of 130 million SKY tokens in January, costing $8.5 million USDS, demonstrates a strong intention to support the price at the bottom, suggesting a potential bottoming signal. Combined with Tom Lee's view that "crypto may be bottoming out, and the selling pressure is gradually losing momentum," a "tentative entry" strategy is recommended for SKY, focusing on buying on dips and being wary of the risk of short-term price surges exceeding potential gains. 2. Position and Risk Management Recommendations It is recommended to enter with a small initial position, keeping it within 3%-5% of total capital. Gradually increase the position after confirming a continuous upward trend or a breakout of key resistance levels. Stop-loss orders should be set near the recent buyback cost or below key support levels. Take-profit orders can be placed near the buyback cost premium. Be wary of significant short-term volatility and avoid chasing highs. A time horizon of 1-2 weeks is recommended, monitoring for potential secondary buybacks or continued positive official news. 3. Suitability for Trading Styles This strategy is suitable for conservative medium-term investors. Combining official buybacks and market bottoming signals, it's advisable to establish a position and hold, waiting for the supply tightening and price correction brought about by the buybacks. Aggressive short-term investors can focus on the rebound opportunities after the buybacks – "a rebound is a window to escape," meaning quick entry and exit, avoiding prolonged positions. Trend investors are advised to closely monitor subsequent supply dynamics and on-chain fund flows, and cautiously follow the trend.