$SKL /USDT Spot Trading Analysis – Strong Momentum
Market Overview:
The price has surged with strong volume, indicating bullish momentum. Key resistance is at $0.06400, while immediate support lies at $0.05550. The market structure shows potential for further upside, but a pullback to support levels is possible.
Spot Trade Setup:
Buy Entry:
Zone: $0.05550 - $0.05650
Targets:
Target 1: $0.06000
Target 2: $0.06350
Stop Loss:
Set below $0.05400 to minimize risks.
Next Move:
A break above $0.06400 could trigger a rally to $0.07000. However, failure to hold $0.05550 may lead to a consolidation or bearish retracement.
