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SKL

Small SKL Dip; Watch for Volume Confirmation

I see a short, sharp move in SKL/USDT: price ticked down 1.44% from 0.05058 to 0.04985 in about 2 seconds.

Three‑minute volume was 7.01M versus a 24h volume of 1.22B (3m/24h = 2.8%), so the move lacks strong short‑term conviction relative to daily flow.

I’m monitoring for follow‑through: if selling accelerates on higher volume I’ll treat this as the start of a meaningful drop; if volume stays subdued it’s likely a transient blip.

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Analysis

The 1.44% decline happened quickly but with only 3m volume equal to 2.8% of 24h flow, indicating limited conviction. This looks like a short‑term volatility spike rather than a confirmed trend reversa...

Recommendation

Watch and wait for volume confirmation. Do not initiate new positions on this small dump; consider trimming only if a clear high‑volume breakdown occurs.

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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