SKL/USDT Triple Top Bearish Pattern! Back to the demand area.

πŸ’Ž SKL has recently exhibited notable market dynamics, experiencing rejection once again upon encountering strong resistance.

πŸ’ŽThe chart pattern formed resembles a triple top pattern, indicating a potential reversal in price direction towards the downside.

πŸ’Ž It's likely that SKL will retreat to the demand area to gather momentum for another attempt at breaking through the strong resistance zone towards our target area.

πŸ’Ž However, if SKL fails to find support upon reaching the demand area, resulting in a breakdown below this level, it confirms the triple-top pattern and signals further downward movement.

πŸ’Ž In such a scenario, the price may continue its descent towards the Bullish Order Block (OB) area or even lower levels.

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