đ $SKR Bottoming Out? Key Levels to Watch! đ
The market is showing some interesting movement on $SKR ! After a long bearish period, we are finally seeing some signs of life at the bottom. Here is my quick take on the current price action:
đ Technical Highlights:
Support Base: Price has established a solid support zone around $0.15100. This level has held multiple tests, signaling a potential floor.
Trend Change: On the 4H and 1H charts, we can see the price attempting to break above the MA(21). A sustained close above this line could spark a rally toward the next resistance.
RSI Recovery: The RSI(6) is showing a healthy bounce from the oversold region, currently sitting around 71.9 on the 15m chart. This indicates strong short-term buying momentum.
Target Levels: If the current momentum continues, the immediate target is $0.021 - $0.025. However, a break below $0.015 would invalidate this bullish setup.
đĄ Trading Thought:
Wait for a retest of the breakout or look for a Market Structure Shift (MSS) on lower timeframes before entering. High volatility means high opportunity, but always keep your risk managed! đĄïž
Is $SKR ready for a massive pump or is this just a relief rally? Share your predictions below! đ
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