$SKR $SKR 30m Price Chart Analysis: - I expect price to RISE from the current region as long as it remains above the 0.007991 demand/support area. A clean rejection from this zone with bullish confirmation could trigger a move towards 0.008177 and then to the swing high at 0.008374.
- If the price starts closing below 0.007991 and loses 0.007793, I would change my bias to neutral or bearish, expecting a move down to retest the 0.007647 and potentially the 0.007445 support.
- Best trade scenario: Wait for price to revisit 0.007991, look for bullish reversal signals (e.g., pin bar, bullish engulfing, or lower timeframe market structure shift), then enter long targeting 0.008177 and 0.008374. Place your stop below the nearby swing low.
- If price instead breaks above 0.008177 with strength, consider trend continuation setups towards 0.008374 and higher, watching for bullish flags or break-and-retest formations.
- This setup is invalidated if price closes below 0.007793 with bearish momentum; that would shift the focus to downside targets at 0.007647 and 0.007445.
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