🚨 TRADING SIGNAL ALERT: $SKL /USDT ON THE 4-HOUR CHART 🚨

The SKL/USDT pair is showcasing strong upward momentum with recent gains of over 10%. The current price is sitting at 0.03928 after a brief consolidation following a sharp rally. The coin has displayed a healthy breakout in recent sessions, now facing minor resistance.

💡 Entry Strategy: Consider an entry at or slightly above the current price of 0.03928, with a careful eye on market movement for confirmation.

Key Resistance and Support Levels:

🚧 Immediate Resistance: 0.04058 – A break above this level could signal a continuation of the bullish run.

📉 Strong Support: 0.03521 – Critical support to watch for a potential retracement or dip.

🎯 Take-Profit Targets:

1. Target 1: 0.04150

2. Target 2: 0.04280

3. Target 3: 0.04400

🛑 Stop-Loss Level: Place a stop loss below 0.03500 to protect against a potential downward move.

⚠️ Cautionary Note: Traders should watch for signs of a breakout above the resistance level or a drop below the support level, which could indicate a shift in momentum. Keep an eye on volume for validation of potential moves.

Stay sharp and manage your risk effectively!