Current Price: $0.05753 (+39.81% in 24H)
$SKL is showing explosive gains, reaching a high of $0.06400 before slight profit-taking. A potential consolidation phase may follow.
đ Key Levels to Watch
Resistance:
$0.05850: Immediate resistance; breaking this may lead to retesting the dayâs high.
$0.06400: Major resistance; clearing this could open the door to further bullish moves.
Support:
$0.05500: Critical level; holding above this sustains upward momentum.
$0.05250: Secondary support; a breakdown here could signal deeper retracement.
đ Trade Setup
đ” Long Entry: Above $0.05850
đŻ Targets:
$0.06000
$0.06400
â Stop Loss: Below $0.05500
đŽ Short Entry: Below $0.05500
đŻ Targets:
$0.05250
$0.05000
â Stop Loss: Above $0.05850
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đ Market Insight
RSI: 67.17, near the overbought zone â bullish momentum remains strong, but a short-term correction is possible.
Volume Surge: Increased activity reflects strong trader interest, but expect heightened volatility near resistance levels.
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đĄ Pro Tip
Use trailing stops to lock in profits during bullish runs.
Stay cautious of sudden reversals at resistance levels.