$SKL /USDT – Sellers Extend Control After Losing Key Support
SKL has continued to slide after peaking near $0.05408, with bears gaining strength as price broke below the crucial $0.03320 support level. This breakdown confirms that sellers are still steering the trend.
The next major support to watch is $0.02700. A strong hold here could spark a short-term rebound, but a failure to defend it may open the door to deeper declines.
Short Setup Idea:
Entry Range: $0.03250 – $0.03300
Stop Loss: $0.03420 (just above broken support)
Target 1: $0.03000 (initial support zone)
Target 2: $0.02700 (key support level)
Risk Plan:
Keep risk limited to 1–2% of capital. Consider taking partial gains at Target 1, then shift stop to breakeven and hold the rest toward Target 2.
If SKL successfully defends $0.02700, a recovery rally could tilt momentum back toward the bulls. Until then, the trend remains in favor of the sellers.
