$SKL $NEIRO $THE
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#Skl Coin Analysis
Based on the chart you shared for SKL/USDT on the 4-hour timeframe, here’s a short-term analysis:
Key Observations:
1. Price Trend:
The price has broken above the EMA(7) and EMA(25), indicating strong bullish momentum.
The 4-hour high of 0.07800 has been tested, but the price is currently retracing slightly to 0.07250.
2. Moving Averages:
EMA(7) at 0.06738 is above EMA(25) at 0.06157, suggesting bullish crossover momentum.
EMA(99) at 0.05177 remains far below, confirming the longer-term trend is still bullish.
3. RSI:
The RSI(20) at 71.58 indicates overbought conditions.
RSI(9) at 80.95 confirms that buying pressure is strong, but a short-term correction may occur due to overextension.
Short-Term Signal:
Entry Point: Wait for a pullback closer to the EMA(7) at around 0.067-0.068 if bullish sentiment persists.
Take Profit (TP):
TP1: 0.07500 (minor resistance).
TP2: 0.07800 (previous high).
Stop Loss (SL): Place below EMA(25) at 0.06150 to manage risk.
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