#SkaleNetwork Trade Update ā $SKL Entry: $0.078 Target: $0.085 Stop Loss: $0.076 Reason: Breakout forming after consolidation near key support. Watching RSI + volume spike for confirmation.
š Strategy Notes: ⢠Will scale out 50% position at $0.085 ⢠Moving stop to breakeven once price hits $0.082 ⢠Using 2% portfolio risk for trade
SKL has surged by an impressive 34.71%, currently trading at $0.02763, just off its 24-hour high of $0.02890. The price has been steadily climbing, showing strong market interest and momentum. With 24-hour trading volume at 553.51M SKL and 13.83M USDT, this surge is backed by solid volume.
The price has shown resilience, holding support at $0.02541. If it continues to maintain above the $0.027 area, SKL could potentially test its next resistance at $0.02935.
Overall, this bullish trend suggests SKL may continue its upward trajectory. Keep an eye on the key support and resistance levels for the next move.
$SKL is gaining traction after a solid bounce off $0.02080 support, forming higher lows and testing resistance. Buyers are stepping in, and a breakout above $0.02220 could ignite a strong move toward upside targets.
š Market Insight: Strong volume + bullish structure = breakout watch. Wait for a confirmed push above $0.02220 with momentum before scaling in heavy. Clean structure for both spot and futures entries.