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WANUSDT

SKLUSDT Dump: Rapid 6.2% Drop on Heavy Short-Term Selling

I see a rapid 6.23% dump in SKLUSDT, falling to 0.04366 within 38 seconds. Short-term volume spiked to 9.29M against a 24h volume of 1.67B, showing concentrated selling pressure.

This looks like an aggressive sell wave or liquidity sweep rather than a normal pullback; without immediate recovery, the move could attract further downside from stop runs and algorithmic selling.

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Analysis

High 3-minute volume vs 24h (ratio ~2.7) indicates a concentrated and likely aggressive sell event. The speed of the decline and volume spike increase the probability of further volatility and stop-lo...

Recommendation

I'm recommending selling or reducing exposure for now and avoiding new buys until price stabilizes and short-term volume cools; reassess if SKLUSDT recovers above previous short-term support levels.

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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