Technical Analysis & Trade Signal for $SKL
/USDT:🔥💯
Trend: Bullish short-term momentum (+3.57% in 24h).
Support: $0.05100
Resistance: $0.05250
Momentum Indicators:
RSI (Relative Strength Index): ~60, indicating mild bullishness.
EMA (Exponential Moving Average): Price is trading above the 20-day EMA, confirming short-term upward momentum.
Trade Signal:
Entry (Buy): Around $0.05110–$0.05150 for better risk-to-reward ratio.
Stop Loss: $0.04950
Targets 🎯:
1. Target 1: $0.05250 (Immediate resistance zone).
2. Target 2: $0.05350 (Breakout potential).
3. Target 3: $0.05500 (Extended bullish trend).
Trade Momentum: Moderate to High
Watch for volume confirmations and breaking resistance of $0.05250 for continuation upward.