$SKL / USDT Bearish Reversal Setup 🔻
$SKL surged rapidly from $0.0213 to $0.0255 — nearly a 20% jump. However, signs of a pullback are surfacing: long upper wicks, fading volume, and a breakdown in vertical momentum. A correction seems imminent.
📉 Short Entry Zone: $0.02530 – $0.02560
🎯 TP1: $0.02390
🎯 TP2: $0.02260
🛑 Stop Loss: $0.02620
📊 Leverage: 10x | Risk Allocation: 2–3%
Market View:
After steep rallies, price often retraces—and SKL is showing classic signs of overextension. This offers a strong setup for a fast, strategic short. Look for rejection near the entry area and keep stop losses tight.