$SKR shows signs of fatigue at the key resistance level, with overbought signals reaching their peak.

Go short on $SKR now

Entry: 0.0284 – 0.0280

Stop loss: 0.02880

First target: 0.02640

Second target: 0.02520

Third target: 0.02370

Although buyers have recently dominated the market, the upward momentum has significantly weakened after touching the key resistance zone. RSI and MFI both enter the extreme overbought territory, indicating that buying power is nearly exhausted. More importantly, when the price hits new highs, trading volume actually shrinks. This divergence between volume and price suggests that market enthusiasm for chasing gains is lacking, and heavy selling pressure could take over at any time. If the price fails to sustain its high levels, a quick profit-taking wave is expected.

Trade here $SKR 👇