$SKL /USDT – POTENTIAL REVERSAL AFTER SPIKE ⚠️
Price surged from $0.01995 to $0.02900 but is now showing its first signs of rejection with red candles forming near the highs. This sharp move may attract profit-taking, and a pullback toward lower support zones is possible.
Trade Setup:
Entry (Short): $0.02695 – $0.02720
Take Profit 1: $0.02550
Take Profit 2: $0.02430
Stop Loss: $0.02910
Market Outlook:
Momentum is still bullish on the larger move, but intraday signs suggest exhaustion. If $0.02680 breaks, selling pressure could accelerate, triggering a deeper retracement before any attempt to reclaim the highs.
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