$SKDD USDT PARABOLIC BREAKOUT HITS RESISTANCE: CAN BUYERS PUSH THROUGH $12.25?
SKDD has surged over 21% in 24 hours, climbing from a long consolidation near $8 into the $12 zone. On the 4H chart, price remains above MA(7) at 11.430, MA(25) at 9.724, and MA(99) at 7.709 — a strong bullish alignment.
But the rally is now testing the 12.255 resistance, where profit-taking could trigger a pullback. Chasing the current candle carries risk.
Trade Plan
EP: 11.40–11.65 on a confirmed pullback and hold
TP1: 12.25
TP2: 12.50
TP3: 12.80
SL: 11.05
Key levels: A clean 4H breakout above 12.255 could open the way higher. If price loses the 11.40 area, momentum may cool and a deeper retracement could follow.
My bias remains bullish while price holds the breakout structure, but confirmation matters more than chasing the pump.
Would you buy the retest or wait for a confirmed breakout in $SKDD USDT?
#SKDD #CryptoTrading #BinanceSquare
SKDD has surged over 21% in 24 hours, climbing from a long consolidation near $8 into the $12 zone. On the 4H chart, price remains above MA(7) at 11.430, MA(25) at 9.724, and MA(99) at 7.709 — a strong bullish alignment.
But the rally is now testing the 12.255 resistance, where profit-taking could trigger a pullback. Chasing the current candle carries risk.
Trade Plan
EP: 11.40–11.65 on a confirmed pullback and hold
TP1: 12.25
TP2: 12.50
TP3: 12.80
SL: 11.05
Key levels: A clean 4H breakout above 12.255 could open the way higher. If price loses the 11.40 area, momentum may cool and a deeper retracement could follow.
My bias remains bullish while price holds the breakout structure, but confirmation matters more than chasing the pump.
Would you buy the retest or wait for a confirmed breakout in $SKDD USDT?
#SKDD #CryptoTrading #BinanceSquare