$SKR USDT – 1H Analysis
Price: 0.02377
24H High: 0.02650
24H Low: 0.01826
24H Change: +23%
---
What Happened
• Explosive impulse from 0.018 → 0.0265
• Immediate rejection at high
• Multiple upper wicks
• Now pulling back + weak bounce
This is classic blow-off + distribution zone.
---
Momentum
MACD flattening
Histogram turning weak
Volume decreasing after impulse
Momentum cooling off.
---
Structure Read
High made at 0.0265
Lower highs forming
Price currently below mid-range
Short-term structure slightly bearish.
---
Key Levels
Resistance:
0.0250
0.0265 major
Support:
0.0231 (current minor support)
0.0212
0.0193 strong base
---
What Is Likely
After a 40%+ impulse, market usually retraces 30–50% of the move.
That puts probable pullback zone around: 0.0210 – 0.0220
Unless bulls reclaim 0.025 quickly.
---
Trade Logic
Right now this is NOT strong long structure.
Better options:
• Long near 0.021–0.022
• Or long only if 0.025 breaks with strong volume
Mid-range at 0.0237 = weak R:R.
---
Compared to ENSO
ENSO = clean continuation
SKR = cooling + pullback phase
ENSO stronger trend.
---