$SKL /USDT with the current market momentum in mind.

$SKL /USDT – BULLISH MOMENTUM STILL STRONG

Current Price: 0.03297 USDT

24h Change: +32.73%

Trend Bias: Bullish (price above all key EMAs)

Key Levels

Immediate Resistance: 0.03358 USDT – 24h high, first breakout test.

Next Resistance: 0.03388 USDT – Upper resistance from intraday wick.

Major Resistance: 0.03500 USDT – Psychological round number, next rally target.

Immediate Support: 0.03248 USDT – Minor support from recent pullback.

Next Support: 0.03109 USDT – Close to EMA(7), strong intraday base.

Major Support: 0.02969 USDT – EMA(25) area, key for trend validity.

Indicator Insights

EMA(7) = 0.03078, EMA(25) = 0.02957, EMA(99) = 0.02809 – All sloping up, confirming bullish structure.

MACD: Likely positive and expanding – momentum is on buyers’ side.

Volume: 2.03B SKL traded in 24h – massive liquidity and participation, aiding breakout chances.

Bollinger Bands: Price near upper band → strong bullish push, but short-term overbought risk.

Trade Setup (Long Idea)

Entry Zone: 0.0324 – 0.0329 USDT (buy dips towards support)

Targets:

1. TP1 → 0.03358 USDT

2. TP2 → 0.03388 USDT

3. TP3 → 0.03500 USDT

Stop Loss: Below 0.03109 USDT (EMA(7) break could invite deeper pullback)

Risk Management

Risk only 2–3% of capital.

Lock partial profits at TP1 and trail SL to break-even.

Watch for high volatility spikes after 24h +30% moves.

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