$SKR
🚨 $SKR REJECTION AT RESISTANCE: Is the Party Over? 📉
The massive $SKR rally is officially hitting a brick wall. After an aggressive overextended move, we’ve just seen a significant wick rejection at 0.0271. This is a classic "exhaustion" signal that smart money uses to start distribution.
🔍 Technical Breakdown:
* RSI Overheat: The H4 RSI is sitting at 78, deep in overbought territory. History shows that rarely sustains these levels without a sharp 10-15% cooling-off period.
* Resistance Zone: The 0.0271 level proved too heavy for bulls to flip. Expect a technical pullback to test lower liquidity zones.
* Sentiment: FOMO is peaking, which is usually the perfect time for a strategic short entry.
⚡ The Trade Plan: SHORT
If you're looking for a mean-reversion play, here is the setup:
* Entry Zone: 0.02601 – 0.02512
* Stop Loss: 0.02677 (Strict management—if it breaks this, the parabolic move may continue)
Targets:
* 🎯 TP1: 0.02433
* 🎯 TP2: 0.02366
* 🎯 TP3: 0.02279
💡 Strategy Note
Don't chase the pump. The best traders wait for the exhaustion. With the current bearish divergence forming on shorter timeframes, the risk-to-reward for a short position looks highly favorable here.
What do you think? Is heading for a healthy correction or a total dump? Let me know your targets in the comments! 👇
#SKR
#CryptoTrading #TechnicalAnalysis #Bearish #Altcoins2026 #TradingSignals
