📊 $SKDD Technical Analysis & Setup
Despite a macro bullish structure, a 2.1x volume spike alongside a 2.7% drop signals heavy distribution and forced liquidations, aligning with a bearish 1h bias.
• Key Support / Demand: 10.225 (swing low), 10.090, and 9.344 liquidity targets.
• Resistance / Supply Targets: 10.544, 10.789 supply pocket.
• Trigger / Confirmation: Retrace to supply with a bearish SFP or lower-timeframe structure shift.
• Risk / Invalidation: Bearish bias fails on a confirmed 1h close above 11.431.
• Market Execution: Do not chase the volatility spike; wait for a clean retrace and tight risk management.
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #SKDD #Trading
Despite a macro bullish structure, a 2.1x volume spike alongside a 2.7% drop signals heavy distribution and forced liquidations, aligning with a bearish 1h bias.
• Key Support / Demand: 10.225 (swing low), 10.090, and 9.344 liquidity targets.
• Resistance / Supply Targets: 10.544, 10.789 supply pocket.
• Trigger / Confirmation: Retrace to supply with a bearish SFP or lower-timeframe structure shift.
• Risk / Invalidation: Bearish bias fails on a confirmed 1h close above 11.431.
• Market Execution: Do not chase the volatility spike; wait for a clean retrace and tight risk management.
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #SKDD #Trading
