$SKL is bleeding hard.
After topping out near 0.05408, it’s been nothing but lower lows. The crucial 0.03320 support just cracked, confirming that bears still own the chart.
Now all eyes are on 0.02700 — that’s the line in the sand. If it holds, a bounce is possible… but if it breaks, SKL could sink even deeper.
📉 Trade Idea (Short Bias)
Entry: 0.03250 – 0.03300
Stop: 0.03420 (just above broken support)
Target 1: 0.03000
Target 2: 0.02700
Risk management is key:
Take partials at the first target, move stops to breakeven, and let the rest ride.
For now, sellers are in control — but keep a close watch on 0.02700. That’s where the next big move will be decided.
Would you like me to make this sound short and punchy like a trader’s alert, or keep it in this detailed storytelling style?