Market Analysis: $SKL /USDT is trading at $0.05989, up an astonishing 46.14% ๐. The 24-hour high and low are $0.05989 and $0.04076, respectively ๐. Trading volumes for SKL and USDT are 500.22M and 23.29M ๐ธ.
Trade Strategy:
Long Position:* Entry at $0.05989, target at $0.06500, and stop-loss at $0.05176 ๐ Short Position:* Entry at $0.05989, target at $0.04748, and stop-loss at $0.06032 ๐
Next Big Move: A push above $0.06032 could lead to a rally toward $0.0700-$0.0800, marking a potential breakout ๐. However, a rejection at the resistance level may lead to a retracement toward $0.05176 support ๐.
Personal Opinion: I'm bullish on SKL/USDT, expecting a breakout above $0.06032 ๐. If momentum sustains, $0.0800 could be within reach ๐ฏ. Watch for rising volume and market sentiment ๐. A pullback near $0.05176 could provide a better entry for those waiting on the sidelines ๐ค. Tight stops are essential in case of volatility! ๐จ $SKL
