It is time to SKALE ‴️

Hello TradingView Family / Fellow Traders,

πŸ“‰ After a 130% surge, SKLUSDT has entered a correction phase and is currently trading within the descending blue channel.

🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes.

πŸ“ˆ For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required.

Meanwhile, an expected movement towards the demand zone is anticipated.

πŸ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr

This analysis is done using RichTL

My Telegram Channel

Best CFD Broker

Connect WhiteBIT to TradingView

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.