🔥 $SKR Trend Update: Bulls in Control, Key Test Ahead
On the 1H chart, $SKR has staged a strong recovery from the 0.0162 lows and is now pressing against the upper Bollinger Band.
Price is consolidating around the 0.0195–0.0197 resistance zone with solid volume, hinting at healthy accumulation rather than exhaustion. The +12.7% gain in the last 24h confirms strong momentum, though the wide stretch from the daily low leaves room for a short-term pullback.
Trading above all major moving averages keeps the bullish bias intact, but price is edging toward near-term overbought levels around MA5.
📈 Trade Plan — Long $SKR
Ideal Entry:
• Pullback to 0.0189 – 0.0192 (MA5 / MA10 confluence)
Aggressive Entry:
• Clean break and hold above 0.0199 with volume
🛑 Stop Loss: 0.018 (below MA10 support)
🎯 Target: 0.0205 USDT
Momentum favors the upside while support holds — patience on entries could pay off.
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