$SKL Breakout or Pullback Incoming?
SKL is trading at $0.0337, posting nearly 10% gains on the day. Price has surged strongly and is now testing a critical resistance area, with the next move likely to set short-term momentum.
Key Levels to Watch
• Resistance: $0.0340 – $0.0345
A breakout above this could trigger further upside continuation.
• Support: $0.0320 – $0.0322
Losing this level could invite short-term selling pressure.
Trade Setup – Prepare for Volatility
Bullish Entry:
• A confirmed move above $0.0340 could target:
• TP1: $0.0350
• TP2: $0.0365
Bearish Entry:
• A breakdown below $0.0320 could target:
• TP1: $0.0310
• TP2: $0.0300
SKL is in a strong upward move but now faces resistance. Watch closely for a breakout above $0.0340 to extend gains, or a breakdown below $0.0320 for a pullback.