$SKR USDT has rebounded sharply from the 0.0206–0.0209 demand zone with a strong impulse reclaiming the 0.0214 pivot, following a prior liquidity spike to 0.0237. The current structure shows a higher-low recovery after the pullback from highs, with price stabilizing around 0.0217 and rebuilding momentum inside the 0.021–0.022 range.
Market Overview:
Intraday bias turns bullish while SKR holds above 0.0212. The rejection from 0.0237 marked supply overhead, but the swift reclaim of 0.0214 indicates buyers defending mid-range support. Current consolidation suggests accumulation before another rotation toward 0.0228–0.0237 resistance. Loss of 0.0212 weakens recovery structure and reopens downside.
Trade Plan:
EP: 0.0213–0.0217 pullback zone
TP: 0.0229 first objective, 0.0238 extension
SL: 0.02085 below structure support
Outlook:
Holding above 0.0212 keeps recovery continuation intact with probability favoring a retest of 0.0237 highs. Acceptance above 0.0228 would confirm momentum expansion toward prior spike levels. Loss of 0.0212 shifts bias back toward 0.0206 demand. This is a recovery-continuation setup forming after a corrective pullback from volatility highs.
