Yo. $SKATE just dumped 33%. You know what that means? Some people are panicking. Some people are looking for a bargain.

Let me give you both sides. You decide.

LONG SKATE (the bounce hunter):

Entry: 0.001000 – 0.001040

Stop loss: 0.000970

Take profit: 0.001080 / 0.001120 / 0.001150

Why? After a 33% drop, sometimes buyers step back in. But don't get too excited.

SHORT SKATE (the momentum follower):

Entry: 0.001040 – 0.001060

Stop loss: 0.001090

Take profit: 0.001000 / 0.000970 / 0.000940

Why? The trend is down. Lower highs and lower lows. Don't fight it.

What would I do? The dump is fresh. I'd wait to see if it holds 0.001000 first. If it breaks that, short. If it bounces hard, maybe long. But careful on this one.

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