The panic ones didn’t catch this baton. $SKL jumped 32% in 24 hours, but once you look at the opening fee rate—shorts are paying, and the annualized cost has been pushed down to -43%. This trade is already asymmetrical.
The price surged from the low point of 0.0039 to 0.0052 on heavy volume; total trading volume was 2.65 billion, and the turnover rate isn’t inflated. As of now, 0.00536 is the high of this leg—only holding above it counts as a breakout. If it pulls back, don’t let it break 0.0041, otherwise this big-volume bullish candle will have been for nothing. Set your stop-loss below 0.0039; first target 0.0060, and if it breaks through, then aim for 0.0068.
Memorize these numbers—0.0039, 0.0052, 0.0060. In three to five days, let’s see who was more accurate.
#SKL
The price surged from the low point of 0.0039 to 0.0052 on heavy volume; total trading volume was 2.65 billion, and the turnover rate isn’t inflated. As of now, 0.00536 is the high of this leg—only holding above it counts as a breakout. If it pulls back, don’t let it break 0.0041, otherwise this big-volume bullish candle will have been for nothing. Set your stop-loss below 0.0039; first target 0.0060, and if it breaks through, then aim for 0.0068.
Memorize these numbers—0.0039, 0.0052, 0.0060. In three to five days, let’s see who was more accurate.
#SKL