SKL has been moving in a descending channel.
Prices are at break-out point.
As a reference setup:
- Target will be the next weekly resistance (+75% from here).
- SL will be below the current weekly support or the EMA 50D (-25% from here).
Comment:
SKL is breaking out. MFI indicates good buy pressure
Comment:
SKL still resists although BTC drops.
It would be good to enter when BTC bounces at $23600, if SKL is still above the trendline
It would be good to enter when BTC bounces at $23600, if SKL is still above the trendline
Comment:
SKL is up 10% today after restesing the trendline
Comment:
SKL held well the trendline and now +30% up
Trade closed: target reached:
Target +75% hit