Market View:
$SKL is still showing a momentum fade after the spike. Sellers remain active, but support at 0.01440–0.01460 is the key decision zone. A failed bounce or weak retest provides the more reliable short entry.
Entry Zone (Adjusted):
0.01490 – 0.01510
– Slightly higher to capture a cleaner liquidity grab / wick into overhead resistance.
– Reduces risk of premature entry while sellers remain strong.
Take-Profit Targets (Refined):
TP1: 0.01435
– Adjusted to align with the upper boundary of support.
– Matches a more conservative first reaction level.
TP2: 0.01380
– Slightly above your original target, aligned with the earlier demand cluster.
– Avoids front-running deeper buyers.
Stop-Loss (Tightened):
0.01542
– Just above local structure + prior wick zone.
– Reduces risk of being wicked out but still maintains a disciplined invalidation.
$SKL is still showing a momentum fade after the spike. Sellers remain active, but support at 0.01440–0.01460 is the key decision zone. A failed bounce or weak retest provides the more reliable short entry.
Entry Zone (Adjusted):
0.01490 – 0.01510
– Slightly higher to capture a cleaner liquidity grab / wick into overhead resistance.
– Reduces risk of premature entry while sellers remain strong.
Take-Profit Targets (Refined):
TP1: 0.01435
– Adjusted to align with the upper boundary of support.
– Matches a more conservative first reaction level.
TP2: 0.01380
– Slightly above your original target, aligned with the earlier demand cluster.
– Avoids front-running deeper buyers.
Stop-Loss (Tightened):
0.01542
– Just above local structure + prior wick zone.
– Reduces risk of being wicked out but still maintains a disciplined invalidation.