$SKR — This rally is getting stronger, or its going to fade? 👀
$SKR has exploded out of its previous consolidation with aggressive buying pressure and strong 4H candles.
After reaching 0.0348, price pulled back sharply, but buyers quickly stepped back in and pushed price back toward the highs.
That reaction is important.
The structure is still bullish, and the recovery suggests buyers haven't given up control yet.
But after such a powerful move, a correction is always possible.
If $SKR holds the recent breakout structure around 0.024, the bullish setup remains intact.
Lose that level with strong selling pressure → momentum could start fading and a deeper correction may follow.
For now, buyers are still in control. The next 4H candles are critical. 🔥
$SKR has exploded out of its previous consolidation with aggressive buying pressure and strong 4H candles.
After reaching 0.0348, price pulled back sharply, but buyers quickly stepped back in and pushed price back toward the highs.
That reaction is important.
The structure is still bullish, and the recovery suggests buyers haven't given up control yet.
But after such a powerful move, a correction is always possible.
If $SKR holds the recent breakout structure around 0.024, the bullish setup remains intact.
Lose that level with strong selling pressure → momentum could start fading and a deeper correction may follow.
For now, buyers are still in control. The next 4H candles are critical. 🔥
