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SKALE drops 2.7% in 32s — watch for follow-through

I see a quick dump in SKL/USDT: the price dropped 2.73% from ₮0.05051 to ₮0.04913 within 32 seconds. This looks like a short-lived sell-off rather than a confirmed trend change.

3-minute volume is 6.69M versus 24h volume 1.52B (3m/24h: 2.1). I'm watching for follow-through selling or a rapid stabilization around the ₮0.049 area.

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Analysis

The move is a quick intraday pullback with a modest short-term volume spike relative to daily turnover. It’s not yet a confirmed trend reversal, but continued selling with rising volume would raise do...

Recommendation

Watch for confirmation before trading: avoid buying into this immediate weakness and wait for price stabilization or a clear recovery signal. Short-term traders can consider re-entry on confirmed supp...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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