$SKL Short Signal
🔥🔥$SKL recently hit a 24-hour high at $0.05408 but faced strong rejection, triggering a sharp pullback. Sellers have regained control, pushing the price below $0.048. The momentum remains bearish in the short term.
*Short Trade Setup:*
- *Entry Zone:* $0.04760 - $04785
- *Profit Targets:*
- *TP1:* $0.04735
- *TP2:* $0.04700
- *TP3:* $0.04650
- *Stop Loss:* $0.0500
*Bearish Potential:*
If the price consolidates under $0.048, it strengthens the case for a deeper retracement. Watch for high-volume red candles to confirm entry and potential further downside.
*Important Level to Watch:*
$0.04700 is a crucial level to watch, as failure to hold this level may lead to further downside movement.
