$SKATE ๐น๐ฅ SKATE JUMPS THE RAMP โ BUT WILL IT LAND CLEAN? ๐๐ฏ
Current Price: $0.04760 โฌ๏ธ +20.66%
24H Range: $0.03776 โ $0.04863
Volume Surge: 986M $SKATE โ Liquidity just woke up! ๐ณ
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๐ QUICK LOOK
SKATE exploded from a base of ~$0.038 after a double bottom and a sneaky volume buildup.
Now hovering near resistance, itโs either revving for a moon ride ๐ โ or cooling for another reset ๐ง.
RSI: 77 โ overbought, but still has fire.
OBV: Trending back up after massive dump ๐
STOCH RSI: Still bullish but nearing saturation.
MACD: Flipping positive ๐
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๐ฎ SPOT HOLDER OPINION (Long-Term View):
โ Yes โ Early Entry Zone for Spot Bags!
This is a good accumulation range for long-term investors, especially if price reclaims $0.0500+ with solid volume.
But always stagger entries โ dips to ~$0.043โ$0.041 are even better buys.
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๐ฏ TRADE SETUPS
๐ข LONG SETUP (Dip Buy Play)
Entry: $0.0440 โ $0.0460
Confirmation: Bounce + RSI cooldown
Targets:
โ TP1: $0.0510
โ TP2: $0.0570
Stop Loss: <$0.0415
โ ๏ธ Only chase strength on pullbacks, not parabolic tops.
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๐ด SHORT SETUP (If Rejected Above)
Entry: $0.0500 โ $0.0520
Confirmation: Wick rejections or bearish engulfing
Targets:
โ TP1: $0.0450
โ TP2: $0.0425
Stop Loss: >$0.0535
โ ๏ธ Short only if signs of exhaustion appear โ donโt fade momentum blindly!
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๐ง FINAL THOUGHT
SKATE isnโt just bouncing โ itโs dancing on a tightrope between breakout and burnout ๐ญ
Let volume + confirmation be your green light. Not your hope.
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๐ก Build Spot Bags on Dips โ
๐ช Donโt skate on thin ice without a stop-loss.
