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SKL

SKALE plunges 7.7% — short-term weakness, avoid buying

I see SKL (SKALE) dumped 7.73%, sliding from 0.04732 to 0.04366 in roughly 4.8 minutes alongside a 3-minute volume spike (3m: 9.29M; 24h: 1.67B; 3m/24h: 2.7%).

I view this as short-term weakness and not a buy signal — the move looks like panic/stop hunting until we see clear support or a reversal on sustained volume.

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Analysis

The quick drop with an elevated short-term volume ratio suggests panic selling or a stop-run rather than a measured correction. Volume is meaningful but not overwhelming relative to 24h, so downside c...

Recommendation

Avoid initiating new long positions now; consider selling weakening exposure and wait for a confirmed stabilization or reversal with sustained buy volume before re-entering.

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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