:
📊 SKRUSDT | Structure-Focused Reading
The chart shows that the price has been moving within a declining channel for some time.
The green line indicates the main trend, while the pink line shows the lower boundary of the channel. The current price is trapped between these two lines.
This structure tells us:
There is no clear directional decision yet.
The trend line above acts as a strong dynamic resistance. The price is rejected from this area on each attempt. Therefore, attempting a long before this line is broken carries early risk.
Below, the area marked with a yellow line is the main support zone where strong reactions have historically occurred. If a channel breakout happens, it wouldn't be surprising for the price to be pulled toward this zone.
In summary:
• Downtrend
• Weak momentum
• Reactions are met with selling
That’s why I am not rushing to buy or sell right now.
For me, the critical factor is a breakout + close.
Long positions without staying above the trend line,
and aggressive shorts without closing below support are not in my plan.
The market rewards those who stay true to the structure, not the impatient.
Level: 0.038 – 0.039 band
Time: H4 / daily close
Close: Staying above the trend
.
This is not investment advice.
— surrealist5N1K
The chart shows that the price has been moving within a declining channel for some time.
The green line indicates the main trend, while the pink line shows the lower boundary of the channel. The current price is trapped between these two lines.
This structure tells us:
There is no clear directional decision yet.
The trend line above acts as a strong dynamic resistance. The price is rejected from this area on each attempt. Therefore, attempting a long before this line is broken carries early risk.
Below, the area marked with a yellow line is the main support zone where strong reactions have historically occurred. If a channel breakout happens, it wouldn't be surprising for the price to be pulled toward this zone.
In summary:
• Downtrend
• Weak momentum
• Reactions are met with selling
That’s why I am not rushing to buy or sell right now.
For me, the critical factor is a breakout + close.
Long positions without staying above the trend line,
and aggressive shorts without closing below support are not in my plan.
The market rewards those who stay true to the structure, not the impatient.
Level: 0.038 – 0.039 band
Time: H4 / daily close
Close: Staying above the trend
.
This is not investment advice.
— surrealist5N1K
