$SKR USDT on watch after its sharp 55%+ daily move.
Price near 0.015366 tells me momentum is clearly strong, but the real question now is whether buyers can hold the gains instead of allowing a full retracement.
For me, the important area sits around 0.0140–0.0145. Holding above that region would suggest that demand is still active. Resistance is developing near 0.0160.
I don't want to enter blindly at the top. My preferred approach would be to wait for a breakout, consolidation, and confirmation.
Potential plan:
Entry: Confirmed hold above 0.0160
Stop-loss: Below 0.0143
Target 1: 0.0172
Target 2: 0.0185
Target 3: 0.0200
A breakdown below the support zone would cancel my bullish idea.
After a move this large, patience becomes an edge. Missing a trade is better than forcing one with poor risk-to-reward.
This is my personal market view, not financial advice.
$SKR
#KoreaSingleStockLeveragedETFTradingFalls #AfghanistanTalibanReportedlyBansCryptoNationwide
Price near 0.015366 tells me momentum is clearly strong, but the real question now is whether buyers can hold the gains instead of allowing a full retracement.
For me, the important area sits around 0.0140–0.0145. Holding above that region would suggest that demand is still active. Resistance is developing near 0.0160.
I don't want to enter blindly at the top. My preferred approach would be to wait for a breakout, consolidation, and confirmation.
Potential plan:
Entry: Confirmed hold above 0.0160
Stop-loss: Below 0.0143
Target 1: 0.0172
Target 2: 0.0185
Target 3: 0.0200
A breakdown below the support zone would cancel my bullish idea.
After a move this large, patience becomes an edge. Missing a trade is better than forcing one with poor risk-to-reward.
This is my personal market view, not financial advice.
$SKR
#KoreaSingleStockLeveragedETFTradingFalls #AfghanistanTalibanReportedlyBansCryptoNationwide