๐จ $SKATE Bearish Flag Spotted โ Breakdown Watch
After a sharp pump-and-dump, $
#SKATE is now consolidating inside a bearish flag on the 15-min chart โ a typical setup for further downside continuation. โ ๏ธ
๐ธ๏ธMassive drop from ~$0.058 to ~$0.042
๐ธ๏ธPrice now moving inside an upward-sloping flag channel
๐ธ๏ธStructure is holding below resistance near $0.0480 โ 0.04950
๐ Key Levels:
Breakdown confirmation = below $0.04350
If that cracks, next targets sit at $0.0420, then $0.0390
Bullish invalidation = breakout above $0.0500