🔥 A Global View of SKDD: A Price Magnet on the 4-Hour Chart!
In addition to our trading plan for Monday, let’s take a look at the bigger picture on the 4-hour (4H) timeframe for SKDDUSDT. The current price is consolidating at 11.649.
Here’s what clearly supports our short thesis:
Trend Exhaustion (Distribution): After a parabolic rise, the asset is forming a series of lower highs, accompanied by red “Sell” signals at the peaks. A large player is clearly unloading their position.
A Huge Imbalance: There’s a massive gap below the current price—the impulsive move upward left almost no traded volume behind. If support breaks, the price could fall through this void with ease.
Smart Money Magnets: Notice the green zones at the very bottom of the chart. These are major unmitigated (untested) order blocks: Bu-MB (around 6.700) and Bu-OB (around 6.200). These liquidity blocks are the ultimate targets for the downward move.
The algorithm sees this structure, and the risk/reward ratio for holding a medium-term short here looks excellent.
In addition to our trading plan for Monday, let’s take a look at the bigger picture on the 4-hour (4H) timeframe for SKDDUSDT. The current price is consolidating at 11.649.
Here’s what clearly supports our short thesis:
Trend Exhaustion (Distribution): After a parabolic rise, the asset is forming a series of lower highs, accompanied by red “Sell” signals at the peaks. A large player is clearly unloading their position.
A Huge Imbalance: There’s a massive gap below the current price—the impulsive move upward left almost no traded volume behind. If support breaks, the price could fall through this void with ease.
Smart Money Magnets: Notice the green zones at the very bottom of the chart. These are major unmitigated (untested) order blocks: Bu-MB (around 6.700) and Bu-OB (around 6.200). These liquidity blocks are the ultimate targets for the downward move.
The algorithm sees this structure, and the risk/reward ratio for holding a medium-term short here looks excellent.