Volume is dying on the $SKR push. This is a classic fakeout move.

$SKR - SHORT

Trade Plan:

Entry: 0.02023 – 0.02047

SL: 0.02108

TP1: 0.01962

TP2: 0.01938

TP3: 0.01889

Why this setup?

SKR move up looks like a textbook dead-cat bounce. We've tapped the resistance at 0.020 and the volume profile is starting to show heavy distribution.

Expect the flush to accelerate if we break the local support. As long as 0.022 caps the upside, the path of least resistance is toward 0.019.

Debate:

Do you see any bid depth left on SKR?

Trade here 👇