๐ SKL has recently exhibited notable market dynamics, experiencing rejection once again upon encountering strong resistance.
๐The chart pattern formed resembles a triple top pattern, indicating a potential reversal in price direction towards the downside.
๐ 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.
๐ 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.
๐ In such a scenario, the price may continue its descent towards the Bullish Order Block (OB) area or even lower levels.
๐The chart pattern formed resembles a triple top pattern, indicating a potential reversal in price direction towards the downside.
๐ 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.
๐ 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.
๐ In such a scenario, the price may continue its descent towards the Bullish Order Block (OB) area or even lower levels.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE๐ t.me/+QwK2mkoTGBU0Nzc0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE๐ t.me/+QwK2mkoTGBU0Nzc0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV