\$SKL is trading at \$0.03986 in the spot market, meaning you can buy or sell it instantly at this price without leverage. Spot trading is simple—you directly exchange SKL for USD, USDT, or other cryptocurrencies, making it viable for both quick trades and long-term holding.
Key price zones to watch: resistance around \$0.042–\$0.043, where sellers may step in, and support near \$0.038–\$0.039, where buyers could help stabilize the price.
Tracking these levels can help you spot breakout or reversal opportunities. Short-term movements between support and resistance typically range from 3–6%, depending on volatility.
Since there’s no margin, spot trading avoids liquidation risk. Placing a stop-loss just below support helps protect capital, while buying near support and selling near resistance can improve trade efficiency.