sell

SKALE (SKL) 5% Flash Dump — Avoid Chasing

I'm seeing a sharp 5.27% dump in SKL from ₮0.04949 to ₮0.04688 in roughly 200 seconds, a clear intraday sell-off.

Short-term volume is 1.45M versus a 24h volume of 1.28B (3m/24h 0.5%), which shows ample market liquidity but dominant selling pressure right now.

I won't chase this move — I would reduce exposure or wait for consolidation and confirmed support before considering re-entry.

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Analysis

The rapid 5.27% drop over minutes with relatively high 24h volume suggests momentum-driven selling rather than a liquidity vacuum; risk of further downside remains until price consolidates or volume p...

Recommendation

Do not buy into this dump. Reduce positions or wait for clear signs of stabilization and lower volatility before considering a re-entry; use stops if you remain exposed.

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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