$SKL /USDT SHORT TRADE SETUP DOWNTREND POSSIBILITY AFTER SPIKE đŻ đ„ Big Opportunity
Current Price: 0.04566
Market Structure: After a sharp 48% surge in the last 24 hours, $SKL
is showing signs of exhaustion, with price pulling back from the 0.05040 high and forming lower highs on short-term charts. Selling pressure is increasing as traders take profits.
ENTRY LEVEL:
Enter short between 0.04580 â 0.04650 on minor rallies.
STOP LOSS:
Place stop loss above 0.04750 to protect against a renewed breakout.
TARGET POINTS:
âą TP1: 0.04400
âą TP2: 0.04200
âą TP3: 0.04050
TRADE ANALYSIS:
The rejection from the 0.05040 zone indicates fading momentum, and a sustained break below 0.04400 could confirm a deeper correction. Look for bearish candlestick formations and decreasing volume on rallies before entering.
Trade here on $SKL