$SKL /USDT – Bullish Breakout in Play
SKL has broken out of its long downtrend, reclaiming strength after pushing past key resistance. It’s trading around $0.0326, slightly off the recent peak near $0.0515.
Key Levels:
Support: Holding near $0.0394, with deeper backing at $0.0320.
Resistance: First hurdle sits at $0.0515, with a broader zone around $0.049–$0.050 that needs clearing for continuation.
Fibs:
Price has already pierced the 50% retracement at $0.0509, a key technical checkpoint.
If momentum carries, the next major target is the 61.8% retracement at $0.0592.
RSI:
Currently at 72.19, showing strong bullish energy but also hinting at near-term correction risk.
Entry Ideas:
Safer play: Dips into $0.0394–$0.040 support.
Aggressive play: A clean breakout above $0.0515 with volume confirmation.
Take-Profit Targets:
TP1: $0.0509
TP2: $0.0592
Stops:
Conservative: below $0.0390.
Tight/aggressive: under $0.048–$0.049.
