$SKL /USDT – BULLISH REVERSAL IN PLAY!
After a sharp pullback to the 0.04450 zone, SKL has shown a strong bounce, reclaiming key short-term support and signaling potential for further upside. The recent buying pressure and recovery candle structure point towards a momentum shift back to the bulls.
Trade Setup (Long):
Entry Zone: 0.04620 – 0.04650
Take Profit 1: 0.04900
Take Profit 2: 0.05200
Take Profit 3: 0.05440
Stop Loss: 0.04170
Market Outlook:
If SKL maintains above the 0.04600 support level, we could see an acceleration towards the 0.05000+ region. Watch for volume spikes and strong green candles as confirmation. Bears will only regain control if price breaks and closes below 0.04400.
