$SKDD dropped all the way from 9.97 to 8.25, a decline of 14 points, with trading volume of 222,000 shares and turnover just over 1.99 million — a volume-backed selloff, not a low-volume grinding decline. Someone is really unloading.
The 8.25 level held for now and has not broken yet. But the rebound only lasted one wave before fading, and volume did not pick up, which shows weak buying interest. The funding rate is 0%, and both longs and shorts are on the sidelines, with no one rushing to take a clear position.
8.25 is the key level in this move. If it breaks, look down toward the 7.80 area; above, 9.20 must be cleared first, and only then is there a chance to look back at 9.97.
Set a stop below 8.20, aim first for 8.85, then 9.20. Risking 0.23 points for up to 0.95 is worth the trade.
#SKDD
The 8.25 level held for now and has not broken yet. But the rebound only lasted one wave before fading, and volume did not pick up, which shows weak buying interest. The funding rate is 0%, and both longs and shorts are on the sidelines, with no one rushing to take a clear position.
8.25 is the key level in this move. If it breaks, look down toward the 7.80 area; above, 9.20 must be cleared first, and only then is there a chance to look back at 9.97.
Set a stop below 8.20, aim first for 8.85, then 9.20. Risking 0.23 points for up to 0.95 is worth the trade.
#SKDD