$SKL /USDT – BULLS ATTEMPTING REVERSAL AFTER HEAVY SELL-OFF
$SKL has taken a sharp hit with a -12% daily drop, finding support at 0.03165 before bouncing back. Current price action around 0.0324 shows buyers stepping in to defend the lows, but strong resistance lies ahead near 0.0333 – 0.0337. A clean breakout above this zone is needed to confirm bullish momentum.
Trade Setup (Short-Term):
Entry (Long): 0.0320 – 0.0325
Targets:
TP1: 0.0332
TP2: 0.0338
TP3: 0.0345
Stop Loss: 0.0315
Market Outlook:
Trend remains weak on higher timeframes, but intraday structure suggests a possible rebound. Sustaining above 0.0320 keeps bulls alive, while a drop below 0.0315 could extend downside toward 0.0305. Watch volume closely for confirmation of reversal strength.