$SKR is showing the kind of price action that can trap late buyers.
After a powerful run toward $0.0125, price is now struggling to hold the upper range, while the chart shows a clear rejection zone around $0.01218.
The short setup is based on weakness below that level, with room for a deeper retracement toward the previous breakout area.
$SKR — SHORT
Entry: $0.012178
TP1: $0.011500
TP2: $0.010900
TP3: $0.010382
SL: $0.013116
The key is whether sellers can keep price below $0.01218. A reclaim could invalidate the bearish idea.
Are sellers taking control, or will $SKR squeeze higher again?
After a powerful run toward $0.0125, price is now struggling to hold the upper range, while the chart shows a clear rejection zone around $0.01218.
The short setup is based on weakness below that level, with room for a deeper retracement toward the previous breakout area.
$SKR — SHORT
Entry: $0.012178
TP1: $0.011500
TP2: $0.010900
TP3: $0.010382
SL: $0.013116
The key is whether sellers can keep price below $0.01218. A reclaim could invalidate the bearish idea.
Are sellers taking control, or will $SKR squeeze higher again?
