– Potential Reversal Trade Setup
#SKL/USDT reached a low level of 0.03263, showing a sharp decline before balancing in the 0.0335 region. On the 15-minute chart, the pair is showing signs of forming a potential reversal pattern following ongoing selling pressure. The current setup indicates a bounce attempt with a defined stop-loss just below the last support, offering a favorable risk-reward ratio for day traders.
Entry: 0.03260
Targets:
T1: 0.3600
T2: 0.03750
T3: 0.03800
Stop-Loss: 0.03200
Risk Management: Allocate only 3-5% of your portfolio per trade. Move the stop-loss to entry after reaching T1 to ensure a risk-free continuation.
Professional Tip: Monitor trading volume closely; an increase in buying activity around the support area could strengthen the recovery and help validate the movement towards higher targets.
#SKL #CryptoRally #HEMIBinanceTGE $SKL
Perp
0.03250
-6.92%
