$SKL
Bullish Buying Position for SKL/USDT
The SKL/USDT pair is showing strong bullish momentum after bouncing from the support level of 0.0345 and reclaiming higher levels with strong buying volume. The price is stabilizing above its key short-term moving averages and approaching the resistance level at 0.0390-0.0400. A breakout of this area may trigger a continued rise towards the next supply zones.
Buy Entry: 0.0370 - 0.0380
Target 1: 0.0400
Target 2: 0.0425
Target 3: 0.0450
Stop Loss: 0.0350
Risk Management: Set exposure at 2-5% of capital for each trade, and follow stop-loss orders as the price moves in the right direction to secure profits and reduce downside risk.
