🚨 $SKL – Analysis & Trade Plan 🚨
I’ve entered a short position on SKL, targeting the 0.02738 zone with a stop-loss at 0.03822.
📉 Reasoning:
Current price is going in the Fibonacci golden zone, which often acts as a reversal area.
Based on my analysis, there’s a high probability of a dump towards the lower support area.
📈 Next Move:
If this short plays out, I’ll be looking to flip long from the same zone (0.02738) with a target of 0.047 and a tight SL just below the golden zone.
⚠️ Always DYOR & manage your risk.