$SKDDB : Rebound Is Building, But Can Bulls Reclaim $9.70?
SKDDB/USDT is trading at $9.53, up 2.92% in 24 hours, after a sharp rejection from $9.97 and a drop to $9.27 on the 15-minute chart. Price is recovering, but it still needs to break key resistance before I consider this a stronger bullish setup.
24-hour volume stands at 13,814 SKDDB, worth approximately 130,726 USDT. Price is consolidating after a volatile move, and I want to see stronger buying participation before trusting the rebound.
My Trading Plan: I’m watching $9.39–$9.27 as the key support zone. If price holds this area and reclaims $9.54–$9.60 with momentum, I’ll look for a move toward $9.70 and potentially $9.85. A breakout above $9.97 would be a stronger bullish signal.
I’d consider scaling in gradually rather than chasing the current bounce. A breakdown below $9.27 would invalidate this short-term bullish idea and make me reassess.
For now, I’m watching whether buyers can turn $9.54 into support. The next confirmed move could determine whether SKDDB continues recovering or revisits its recent lows.
SKDDB/USDT is trading at $9.53, up 2.92% in 24 hours, after a sharp rejection from $9.97 and a drop to $9.27 on the 15-minute chart. Price is recovering, but it still needs to break key resistance before I consider this a stronger bullish setup.
24-hour volume stands at 13,814 SKDDB, worth approximately 130,726 USDT. Price is consolidating after a volatile move, and I want to see stronger buying participation before trusting the rebound.
My Trading Plan: I’m watching $9.39–$9.27 as the key support zone. If price holds this area and reclaims $9.54–$9.60 with momentum, I’ll look for a move toward $9.70 and potentially $9.85. A breakout above $9.97 would be a stronger bullish signal.
I’d consider scaling in gradually rather than chasing the current bounce. A breakdown below $9.27 would invalidate this short-term bullish idea and make me reassess.
For now, I’m watching whether buyers can turn $9.54 into support. The next confirmed move could determine whether SKDDB continues recovering or revisits its recent lows.
