$SKL analysis and trade plan
**Analysis and Trading Plan for SKL/USDT**
Based on the provided data across multiple timeframes (15m, 4h), here's a structured breakdown:
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### **Key Observations**
1. **Trend**:
- Price is above all Moving Averages (MA7, MA25, MA99), indicating a **bullish trend**.
- Bollinger Bands (BOLL) show the price hovering near the upper band, suggesting short-term overbought conditions.
2. **Momentum**:
- **RSI(6)** is extremely high (89.26 on 15m, 68.28 on 4h), signaling potential exhaustion in the short term.
- Longer-term RSI(24) remains neutral to bullish (53.87–67.61).
3. **Volatility**:
- Bollinger Bands are widening, indicating increased volatility.
- MACD is positive but weakening (small histogram values).
4. **Volume**:
- Rising volume (4.3M to 6.9M) supports bullish momentum but raises caution near highs.
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### **Entry Range**
- **Ideal Entry**: **0.02350–0.02380** (near MA7 support and middle Bollinger Band).
- **Aggressive Entry**: If the price breaks above **0.02415** (resistance in IMG_7801), consider entering with confirmation.
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### **Stop Loss**
- **Conservative SL**: **0.02300** (below MA25 and recent swing low of 0.02255).
- **Tighter SL**: **0.02330** (below MA7 and Bollinger Band midpoint).
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### **Take Profit Targets**
1. **TP1**: **0.02450** (immediate resistance from IMG_7803).
2. **TP2**: **0.02522–0.02552** (24h high and upper resistance).
3. **TP3**: **0.02600** (extended bullish target if momentum sustains).
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### **Leverage**
- Use **3–5x leverage** to manage risk given volatility and tight stop-loss levels.
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### **Summary**
- **Entry**: 0.02350–0.02380 (long) or 0.02415+ breakout (confirm trend continuation).
- **Stop Loss**: 0.02300 (risk ~2–3%).
- **Take Profit**: 0.02450 (partial exit), 0.02552 (full exit).
- **Leverage**: 3–5x.
**Note**: Monitor RSI(6) for divergence and Bollinger Band reversion. Adjust TP/SL if volume spikes or MACD reverses.