*$SKL / $USDT - 15m - Fake Pump Alert ⚠️*
*Price: $0.005124*
Spotted a massive volume spike on $SKL .
- Volume: *1.2B SKL* vs avg *52.35M* = 20x Relative Volume 🔥
- Price wicked to *$0.006000* and dumped straight back to *$0.005124*
- Supertrend (10,3) still showing green at $0.005206 but price is now BELOW it. Bearish flip incoming.
This is not a real breakout. This is a classic liquidation / stop-hunt candle.
High Relative Volume + High Open Interest in one candle = trap for longs.
*My Plan:*
No long now. Waiting for price to reclaim $0.005576 and volume to come back above 300M+ for confirmation. Until then, stay out.
Avoid chasing green wicks.
#SKL #CryptoTrading #Perpetual #TechnicalAnalysis #Volume
*Price: $0.005124*
Spotted a massive volume spike on $SKL .
- Volume: *1.2B SKL* vs avg *52.35M* = 20x Relative Volume 🔥
- Price wicked to *$0.006000* and dumped straight back to *$0.005124*
- Supertrend (10,3) still showing green at $0.005206 but price is now BELOW it. Bearish flip incoming.
This is not a real breakout. This is a classic liquidation / stop-hunt candle.
High Relative Volume + High Open Interest in one candle = trap for longs.
*My Plan:*
No long now. Waiting for price to reclaim $0.005576 and volume to come back above 300M+ for confirmation. Until then, stay out.
Avoid chasing green wicks.
#SKL #CryptoTrading #Perpetual #TechnicalAnalysis #Volume