Key Levels: Support $0.00476 | Resistance $0.00529
Technical Analysis for $SKL : The 1H structure shows rejection at 0.00529 resistance. A break below 0.00476 support confirms the bearish momentum. Target is 0.0044. Watch for a hold above 0.00529 to invalidate the short setup. SHORT bias targets continuation toward support, with resistance as the invalidation level. The stop loss defines the risk level for this setup.
Market Context: BTC is bearish on the 4H timeframe, trading below key EMAs. Market breadth is positive, but SKL's internal weakness suggests a pullback