Technical analysis by AltcoinPiooners about Symbol SKL: Sell recommendation (8/13/2025)

SKLUSDT Entry: 1.00 (0.02700 USDT) - The level where the initial purchase is planned. DCA (Dollar-Cost Averaging): 1.135 (0.02817 USDT) - An additional buying point if the price rises. SL (Stop Loss): 1.272 (0.02935 USDT) - The level where the loss would be limited. TP (Take Profit):TP1: 0.786 (0.02515 USDT) TP2: 0.618 (0.02370 USDT) TP3: 0.5 (0.02268 USDT) TP4: 0.013 (0.013 USDT) - An extremely low target, possibly a mistake or a long-term strategy. RSI (Relative Strength Index) Indicator: The current RSI value is 78.48, which indicates an overbought zone since it is above 70. This suggests the price may be overextended, and a reversal could occur. Analysis and Interpretation: Strategy: The chart uses Fibonacci levels to determine entry, exit, and loss points. The entry is planned at 0.02700, with an additional buying opportunity at 0.02817, and a stop loss at 0.02935 to protect capital. Profit Targets: The TP1 to TP3 levels are based on Fibonacci ratios (0.786, 0.618, 0.5), suggesting a technical approach to taking profits gradually. TP4 seems unusually low and might be a mistake or a long-term target. RSI: The high RSI value (79.10) indicates a potential risk of a pullback or correction, especially if the price fails to break the resistance level. Recommendation: Monitor the price near the entry level (0.02700) and DCA (0.02817). If the RSI remains above 70 for an extended period, consider a selling opportunity or position adjustment.SKL SL ❌ 💭 Dream big, work hard, stay focused. Interested for Premium 👉 t.me/Altcoin_Piooners Follow for signals! 🔥 #Crypto #Stablecoin