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.
Analysis
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.