@chikao.eth
🔥 SKL Market Outlook
$SKL just ripped 16 percent in 24 hours and is trading around 0.016. Short term momentum is bullish, but it is slamming into major resistance with overbought signals starting to flash.
Key signals:
• Price above 10 day MA and EMA
• MACD momentum turning up
• Funding rate at minus 2 percent which is extreme
• Long short ratio 1.4 and cooling
• Volume strong at nearly 72M
The setup: a break above 0.0189 confirms continuation and could trigger a short squeeze. Failure here risks a pullback toward 0.0134 support.
Summary: SKL is pumped and looks strong right now, but it is running into a wall. If shorts get squeezed, it moons. If not, it chills or dumps. The next move depends on that breakout.
Analysis from @EdgenTech
0 reply
0 recast
0 reaction