a short technical analysis and trade setup for $SKL
/USDT as of 21 June 2025:
š $SKL /USDT ā Technical Snapshot
Current Price: $0.01757 ā¼ (-2.44%)
24h Range: $0.01755 ā $0.01844
Volume:
$SKL : 20.10M
USDT: $362.5K
š Technical Overview
Trend: Bearish Pullback
Structure: SKL is testing the lower end of its recent range, failing to hold support above $0.01780.
Momentum: Weak ā consistent lower highs with fading buying pressure.
Volume: Declining on the upswings, increasing on sell-offs ā confirming bearish intent.
š Bearish Trade Setup
Entry Zone: $0.01755 ā $0.01770
Stop Loss: $0.01820 (above minor resistance)
šÆ Target Levels:
Target 1: $0.01720
Target 2: $0.01680
Target 3: $0.01630 (major support zone)
š Summary:
SKL is showing bearish momentum below the key $0.01800 resistance. A close below $0.01750 could accelerate downside toward deeper supports.
