🩸 $SKL STRUCTURAL BREAKDOWN – SHORT BIAS IN PLAY! 🔴
📉 The liquidity pool above recent highs was aggressively swept, trapping late buyers before price rejected with conviction. 🔍 On the lower timeframes, an order block has formed around the sweep zone, now acting as resistance with no mitigation yet.
⚡ Momentum is shifting – bearish divergence on the 4H RSI and a break of the short-term uptrend line suggest sellers are regaining control. 💡 If this level holds as resistance, a retracement toward the next major inefficiency becomes highly probable. 💬 Are you watching for a retest of the order block to enter? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SKL #ShortSetup #Bearish #Crypto #Trading
🐻 📉
📉 The liquidity pool above recent highs was aggressively swept, trapping late buyers before price rejected with conviction. 🔍 On the lower timeframes, an order block has formed around the sweep zone, now acting as resistance with no mitigation yet.
⚡ Momentum is shifting – bearish divergence on the 4H RSI and a break of the short-term uptrend line suggest sellers are regaining control. 💡 If this level holds as resistance, a retracement toward the next major inefficiency becomes highly probable. 💬 Are you watching for a retest of the order block to enter? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SKL #ShortSetup #Bearish #Crypto #Trading
🐻 📉