🔥 $SKR
: Bottom is In? Structure Turning Bullish!
The wait might be over for Saakuru Protocol ($SKR). After a period of consolidation at the lows, the market structure is finally turning constructive. We are seeing a classic "rebound from the floor" pattern, suggesting that buyers are stepping back in to drive the next leg up.
📈 Trade Setup: Long $SKR
Entry Zone: 0.0175 – 0.0183
Stop Loss: 0.0164 (Crucial level to maintain the bullish structure)
🎯 Take Profit (TP) Targets
TP1: 0.0195 (Quick scalp)
TP2: 0.0210 (Targeting local resistance)
TP3: 0.0230 (Breakout extension)
💡 Why we like this setup:
Volume Confirmation: Accumulation is visible at the 0.0170 level.
Trend Shift: Lower highs are being broken, signaling a reversal.
Risk/Reward: The tight stop loss offers an excellent R/R ratio for swing traders.
Nabiha Noor
Market Analyst & Strategy Specialist
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