$SKL /USDT is flashing signs of exhaustion after a +7.30% rally, with price struggling below $0.024 and volume showing early divergence.
A rejection near $0.02400 or breakdown below $0.02200 could trigger a short-term reversal toward previous demand zones. Overbought conditions and supply pressure between $0.0240–$0.0260 support a bearish outlook.
Entry (Aggressive): $0.02350 – $0.02400
Entry (Conservative): Below $0.02200 (breakdown confirmation)
TP1: $0.02150
TP2: $0.02100
TP3: $0.02000
Stop Loss:
– Aggressive: $0.02450
– Conservative: $0.02250
Risk Management: Limit position size to 0.5–1% of capital and avoid shorts if BTC begins trending up strongly. Use stop orders to protect against fast reversals.
Trade here 👉🏻 $SKL
