$SKL
SKLUSDT (1H chart) 👇
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📊 Market Structure
• Price: 0.00635
• Sudden liquidity spike → fake breakout (0.00678 wick) ⚠️
• Immediate rejection = bull trap signal
• Price sitting around MA cluster (7/25/99) → indecision zone
• Stoch RSI: overbought → cooling down
👉 Market = range + fake breakout → likely volatility ahead
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🔴 Bearish Setups (High Probability After Trap)
1. Breakdown Short
• Entry: Below 0.00625
• Targets:
• 0.00610
• 0.00600
• Stop Loss: 0.00645
👉 Confirms rejection from fake breakout
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2. Rejection Short (Best Setup)
• Entry: 0.00645 – 0.00660
• Reason: Supply zone after wick
• Targets:
• 0.00620
• 0.00605
• Stop Loss: 0.00680
👉 This is the strongest short zone
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🟢 Bullish Setups (Only if strength holds)
1. Support Hold Long
• Entry: 0.00610 – 0.00620
• Targets:
• 0.00645
• 0.00670
• Stop Loss: 0.00595
👉 Only if price forms higher low
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2. Breakout Confirmation
• Entry: Above 0.00680
• Targets:
• 0.00710
• 0.00750
• Stop Loss: 0.00650
👉 Needs strong volume (otherwise fake again)
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⚠️ Key Levels
• Resistance: 0.00650 / 0.00680
• Support: 0.00610 / 0.00600
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💡 Trading Insight
• That long upper wick = smart money exit / trap
• Don’t chase longs ❌
• Wait for:
• Either clear breakdown → short
• Or strong breakout → long
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🔥 Simple Plan
• Near 0.0065 → look for SHORT
• Below 0.00625 → SHORT continuation
• Near 0.0061 → quick scalp LONG
