$SKDD USDT: Buyers Recover From 10.50 — Can Price Reclaim 12.00?
SKDD has rebounded sharply from around 10.50 and is trading near 12.025 on the supplied chart. The recovery is strong, but price is approaching a previous trading area where sellers could return.
Bias: Neutral to bullish in the short term
Setup: Wait for confirmation
Resistance: 12.10–12.30, then 12.50
Support: 11.80, then 11.50
Entry: Watch for a confirmed retest near 11.80 or a sustained breakout above 12.30.
TP: Further targets require additional chart confirmation.
SL / Invalidation: Below the confirmed retest low, based on your risk tolerance.
Why it matters: Holding above 11.80 could support another move toward 12.30. Rejection near resistance may bring price back toward 11.50.
Risk note: This is a recovery after a sharp decline, not yet a confirmed full trend reversal.
Will SKDD break above 12.30 or pull back toward 11.50 first?
SKDD has rebounded sharply from around 10.50 and is trading near 12.025 on the supplied chart. The recovery is strong, but price is approaching a previous trading area where sellers could return.
Bias: Neutral to bullish in the short term
Setup: Wait for confirmation
Resistance: 12.10–12.30, then 12.50
Support: 11.80, then 11.50
Entry: Watch for a confirmed retest near 11.80 or a sustained breakout above 12.30.
TP: Further targets require additional chart confirmation.
SL / Invalidation: Below the confirmed retest low, based on your risk tolerance.
Why it matters: Holding above 11.80 could support another move toward 12.30. Rejection near resistance may bring price back toward 11.50.
Risk note: This is a recovery after a sharp decline, not yet a confirmed full trend reversal.
Will SKDD break above 12.30 or pull back toward 11.50 first?