$SKATE /USDT – 4H Trading Setup

Market Analysis:

$SKATE is trading at a price of $0.05399, having increased by 10.61% in the last 24 hours with strong momentum. The price rose from a low of $0.04520 to a high of $0.06990, followed by a correction. Volume remains high (2B SKATE / $115M USDT), indicating sustained interest, although it is currently below the short-term moving averages (MA(5): 56M, MA(10): 90M).

Entry Zone:

🔹 $0.05000 – $0.05400

(Entry on a dip and retest of support after a breakout failure)

Targets:

🎯 Target 1: $0.05995

🎯 Target 2: $0.06550

🎯 Target 3: $0.07100

Stop Loss:

🔻 $0.04750

(Below previous breakout support and local structure)

Key Levels:

Support: $0.05000 / $0.04750

Resistance: $0.05995 / $0.06550 / $0.07100

Pivot Zone: $0.05400

Professional Advice:

Watch for consolidation or the formation of a bullish flag above $0.050–0.052. A breakout above $0.05995 with volume could trigger a rapid rise to $0.065+. Avoid chasing green candles – wait for a retest or base formation.

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