$SKL BEARISH WATCH ALERT 🔴✨️✨️✨️✨️
We may soon be seeing a Double Top
forming — a classic reversal pattern
that often signals the end of an uptrend
and the start of bearish pressure. 📉
At present, $SKL USDT is pulling back
from the 0.04968 zone after a sharp
rally, with momentum indicators
starting to cool off. RSI is drifting
down from overbought levels (61.68
on the 15m), and MACD shows
decreasing histogram strength —
early signs of a momentum fade.
If price fails to reclaim the
0.04694–0.04968 resistance area
and slips under 0.04556, we could
see a stronger sell-off toward
the 0.03981 support. Volume has
already started tapering off,
suggesting buying pressure is
losing steam.