$SKL USDT BEARISH SHORT SIGNAL 🔴 — MASSIVE SPIKE DONE, TIME TO LOCK IN GAINS!
After a vertical breakout from consolidation around $0.0213–$0.0220, $SKL USDT surged with explosive volume into the $0.0255 region. However, this parabolic rally is now showing signs of exhaustion. A high wick and sharp vertical rally often suggest potential for a retracement — especially after such a rapid gain of nearly 20% in a short timeframe.
🔻 Trade Setup: Short Position
• Entry Zone: $0.02530 – $0.02560
• Take Profit Targets:
‣ TP1: $0.02390
‣ TP2: $0.02260
• Stop Loss: $0.02620
• Margin: 2–3% of wallet
• Leverage: 10x
📉 Market Outlook:
SKLUSDT is currently overextended after breaking out from a tight range. Expect short-term selling pressure and profit-taking that could pull it back toward previous resistance-turned-support levels. Ideal setup for agile short trades.
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