đ $SKL Breakout Could Be the Start of a Bigger Move
SKL has officially broken a major downtrend on the 3-day chart and traders are watching closely as Fibonacci projections point to higher targets. The rally is backed by a surge in trading volume, showing that bulls are stepping in with confidence.
đ Key levels to watch
đč 0.05082 â Immediate support. Holding here could fuel the next move higher.
đč 0.06054 â First major resistance where price may pause or consolidate.
đč 0.08315 â 0.618 Fibonacci level. A breakout here could open the way to 0.13887.
đą Bullish scenario
If SKL holds above 0.05082, upside targets include 0.06054, then 0.08315, with 0.13887 as a potential extension.
đ» Bearish scenario
Dropping below 0.05082 could lead to a pullback toward 0.02981, weakening the bullish setup.
đ Volume outlook
The spike in trading volume during the breakout supports the bullish case and hints at potential continuation.
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