$SKL is currently trading at $0.03986 on the spot market, which means you can buy or sell it instantly at this price without leverage. Spot trading is straightforward: you exchange SKL directly for USD, USDT, or other cryptocurrencies, making it suitable for both short-term trading and long-term holding.

Key technical levels are crucial for decision-making: resistance, where selling pressure may appear, is likely around $0.042–$0.043, while support, where buying interest could stabilize the price, is near $0.038–$0.039.

Monitoring these levels helps anticipate potential breakouts or reversals. Short-term price swings between support and resistance often range 3–6%, depending on market volatility.

Spot trading reduces the risk of liquidation since there’s no margin involved. Using stop-loss orders just below support can safeguard capital, while entries near support and exits near resistance help optimize trading outcomes.