đ $SKDD /USDT: Parabolic Expansion Wave Unleashed! đ„
The 4-hour chart for SKDD (TetherUS Perpetual Contract) highlights an incredibly aggressive bullish breakout cycle. After consolidating inside a massive volume accumulation base near the 0 Fibonacci support floor ($6.213), the price violently breached its multi-week descending wedge resistance and entered a full-scale parabolic expansion phase!
đ Key Technical Levels:
âą Current Situation: Trading strongly at $11.164, slicing straight past the 3.618 Fibonacci milestone ($10.752).
âą Immediate Objective: $11.594 (4.236 Fibonacci extension barrier).
âą Macro Peak Target: $11.981+ (4.618 Fibonacci ultimate extension cluster).
âą Invalidation Floor: A candle close back below the broken resistance boundary at $8.234 (1.618 Fib) cancels this explosive impulse momentum.
đĄ Smart Strategy: Avoid chasing the green vertical candles at current peaks. Anticipate a localized cooling-off period or structural retest toward the $9.50â$10.75 region to look for stable re-entry long confluences.
#SKDDUSDT #crypto #altcoins #TechnicalAnalysis
The 4-hour chart for SKDD (TetherUS Perpetual Contract) highlights an incredibly aggressive bullish breakout cycle. After consolidating inside a massive volume accumulation base near the 0 Fibonacci support floor ($6.213), the price violently breached its multi-week descending wedge resistance and entered a full-scale parabolic expansion phase!
đ Key Technical Levels:
âą Current Situation: Trading strongly at $11.164, slicing straight past the 3.618 Fibonacci milestone ($10.752).
âą Immediate Objective: $11.594 (4.236 Fibonacci extension barrier).
âą Macro Peak Target: $11.981+ (4.618 Fibonacci ultimate extension cluster).
âą Invalidation Floor: A candle close back below the broken resistance boundary at $8.234 (1.618 Fib) cancels this explosive impulse momentum.
đĄ Smart Strategy: Avoid chasing the green vertical candles at current peaks. Anticipate a localized cooling-off period or structural retest toward the $9.50â$10.75 region to look for stable re-entry long confluences.
#SKDDUSDT #crypto #altcoins #TechnicalAnalysis