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$SKR is hovering around a critical support level, with selling pressure weakening, but the structure remains fragile.
Enter a short position immediately if $SKR breaks the support level.
Entry: 0.02200 – 0.02250
Stop Loss: 0.02290
Take Profit 1: 0.02150
Take Profit 2: 0.02050
Take Profit 3: 0.01950
Although selling pressure has eased and the price has a brief respite in the oversold area, the overall bearish structure remains unchanged. Trading volume has sharply decreased, indicating weak buying interest. This "downtrend consolidation" often signals a precursor to deeper declines. Once this support zone is clearly broken, it may trigger accelerated selling, causing the price to drop quickly in search of new support.
Trade $SKR when breaking through here 👇