Take Profit: TP1: 0.0248 TP2: 0.0236 TP3: 0.0225 TP4: 0.0213
Why this setup: Price made a sharp impulsive move up with extremely high RSI, which usually signals short term overheating. After strong pumps, markets often retrace as early buyers take profit. Current candles show slowing momentum near resistance, so shorting the pullback offers better risk control instead of chasing the move higher.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$SKR showing exhaustion after vertical pump and possible rejection zone forming 📉
Go short on $SKR /USDT now
SKR/USDT short setup (4h)
Entry Zone: 0.0260 – 0.0275
Stop-Loss: 0.0315
Take Profit:
TP1: 0.0248
TP2: 0.0236
TP3: 0.0225
TP4: 0.0213
Why this setup:
Price made a sharp impulsive move up with extremely high RSI, which usually signals short term overheating. After strong pumps, markets often retrace as early buyers take profit. Current candles show slowing momentum near resistance, so shorting the pullback offers better risk control instead of chasing the move higher.
Trade $SKR here 👇
{future}(SKRUSDT)
#SKR #VitalikSells