$SKL /USDT BULLISH BREAKOUT SETUP ⚡
Current Price: $0.00684
After rejecting from $0.00796, price corrected into $0.00663–0.00665 demand and is now attempting a recovery bounce. Buyers defending the 0.0066 base keeps reversal potential alive.
Market Structure:
Downtrend slowed near 0.00663 support. Price forming a short-term higher low while compressing under 0.00705 resistance. Break above this zone could trigger momentum expansion.
🎯 LONG Trade Setup:
Entry Zone: 0.00670 – 0.00690 (buying stabilization above demand)
📌 Targets:
TP1: 0.00705
TP2: 0.00730
TP3: 0.00796 (previous spike high)
TP4: 0.00850 (breakout extension)
🛑 Stop Loss:
0.00655 (below support & structure invalidation)
Key Levels:
Immediate Support: 0.00663
Major Support: 0.00650
Resistance Flip: 0.00705
Breakout Confirmation: Strong close above 0.00730
Expansion Zone: Above 0.00796
Market Sentiment:
Selling pressure faded near 0.0066 with signs of accumulation. Volume stabilizing as price builds a base. Holding above 0.00663 keeps bullish scenario intact. A decisive push above 0.00705 opens room toward 0.00730–0.00796 and potentially higher.
Base forming at demand. Pressure building under resistance. Structured risk favors upside breakout continuation.
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