💎 Paradisers, the recent market movements of #SKL have caught our attention. Currently, SKL is encountering resistance, with a breakout needed to reignite upward momentum.
💎 A successful breakout could propel SKL towards our target area within the supply zone.
💎 However, if SKL faces rejection at this resistance level, a retreat to test the support trendline is likely, creating new momentum.
💎 Should SKL fail to hold the support trendline and break below it, it would mark a significant shift in the bullish trend. Testing the Bullish OB area becomes crucial in such a scenario, as a bounce from here could reignite attempts to break above the resistance.
💎 However, a breakdown below the Bullish OB would confirm a bearish trend, potentially leading to further downward movement.