SKL is carving a fresh lower swing low that could flip the short bias, and the price is now hugging a tight consolidation zone. The market is itching for a breakout as the recent pull‑back tests a strong order block.
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$SKL LONG 📈
Entry → $0.004424-$0.004432
Stop → $0.004295 (-3.0%)
TP1 → $0.004494 (+1.5%)
TP2 → $0.004649 (+5.0%)
R/R 1:1.7 • Confidence 64%
A clear change of character erupted when the market structure broke lower, confirming the CHoCH signal, while the cumulative volume delta turned bullish, backing the move. The fair value gap left behind aligns perfectly with the order block, creating a confluence zone that the price is now defending. With the order block‑FVG overlap acting as a point of interest, the setup feels primed for a swing back up.
A 3.0% stop is relatively tight for this volatility, so stick to low‑moderate leverage, around 2x to 3x.
Take partial profit at the first target as soon as the price clears the mid‑range of the order block.
Not financial advice — trade only what you can afford to lose 🙏
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