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SKLUSDT trade ideas

$$$ SKLUSDT, Bullish falling wedge pattern breakout happens$$$Welcome, Trader. Welcome to our crypto community! 🚀We are delighted to welcome you, whether you are an experienced trader or new to cryptocurrency. We are willing to discuss #SKLUSDT💹. #SKLUSDT 🔥🚀. ___________ Update: Time Frame: 4 Hr ➡️ SKLUSDT formed the falling wedge pattern. ➡️ Breakout is done successfully 🚀. ➡️ Retest confirmation is done successfully. ➡️ We anticipate around 21% very soon. 👉✅.
Long
by CryptoAnalystHub
4
$$$SKLUSDT Rectangle retest is done. $$$Welcome, Trader. Welcome to our crypto community! 🚀We are delighted to welcome you, whether you are an experienced trader or new to cryptocurrency. We are willing to discuss #SKLUSDT💹. #SKLUSDT 🔥🚀. ___________ Update: Time Frame: 3 Day ➡️BTTCUSDT formed a rectangle pattern previously, Now it is retesting it. ➡️Standing on the major support area, where we can see a bullish wave soon. 🚀. ➡️ Waiting for a green weekly closing. ➡️ We anticipate around 183% in the medium term. 👉✅.
Long
by CryptoAnalystHub
SKL/USDT In the critical support area, possible to bounce here!💎 Paradisers, #SKL is indeed a coin worth monitoring closely. 💎 It rests on a crucial support area and needs to bounce from here to sustain its upward movement. If the bounce proves successful, SKL may retest the resistance around $0.104. 💎 This level holds significant importance as a confirmation point for the bullish trend. Breaking above this resistance is essential for SKL to continue its upward trajectory. 💎 However, if SKL fails to break above the resistance and faces rejection, it could retreat back to the support area. Multiple touches on the support area may weaken its strength over time, posing a potential concern for the bullish scenario. 💎 If SKL fails to bounce from the support area and breaks below it, it may descend towards the demand area around $0.05. This level is critical, and a bounce from here, coupled with a reclaiming of the support area, would be necessary for SKL to maintain its upward momentum. 💎 The bullish invalidation would occur if SKL fails to bounce from the demand area and confirms a daily candle close below it. Such a development would signal a shift towards bearish sentiment and could lead to further price declines.   MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
3
SKL/USDT is at a Make or Break Situation | Correction Ahead 👀💎Paradisers, #SKL is gearing up to retest its ascending support and we're expecting a potential correction. 💎If it drops below, we'll seek a retest to confirm bearish momentum before making our next move. Observations show #Skale charting lower highs and lower lows coupled with decreasing volume hinting at a loss of momentum. If #SKL maintains support at $0.071 yet continue its downward trajectory, we anticipate hitting the projected support zone at $0.0519 next. 💎Conversely, if #SKLUSDT holds its support and swings back into the channel, it may suggest a bullish counter attempt. In this case, the price could ascend towards the significant resistance at $0.091. 💎 LSE:SKL will face strong selling pressure and rebound strongly from such levels. If this resilience persists, a robust recovery might be in play. Yet, a decisive candle close above this resistance would counter the bearish narrative and point towards a potential bullish turnaround.
Short
by MyCryptoParadise
2
SKL/USDT it required to break the resistance to continue upward!💎 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. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
SKL is bearish (1D)SKL's bullish Diametric seems to be over. Now we are at the end of the G wave of this diametric, which is the last wave of this diametric. We expect SKL bearish waves to start soon. We have two important targets on the chart. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
1
Long Trade Position SKLUSDTWhen you identify a bullish market trend and when at least two green candles close above the entry point within fifteen minutes, you are allowed to start trading at the beginning of the third green candle, unless the first green candle closes very high, in which case You are supposed to enter the transaction from the beginning of the second green candle. Set alarms on entry points so you don't enter in the wrong position. Strengthen your analytical skills with the targets I give you and test your patience and strategy to reach the price targets on the demo panel with virtual money. These exercises will make you experience profit and loss with targets and stops, virtually in the real market and improve your analysis and personal strategy. Know your fear and greed and gradually control them so that your business is profitable and has less loss. I wish you happiness and wealth
Long
by imhashemi
SKL - Saucer Pattern - Aliens are HereBINANCE:SKLUSDT (1D CHART) Technical Analysis Update SKL is currently trading at $0.08978 and showing overall bullish sentiment after forming saucer pattern As you can see in the chart, SKL formed saucer pattern previously and had a nice long trend after the pattern, Currently it formed the exact same pattern. We are expecting the price to move in the same way. We can enter a position at current price while keeping stop loss around the next weak support zone. Entry level: $ 0.08985 Stop loss level: $ 0.06945 Target 1: $ 0.09977 Target 2: $ 0.11238 Target 3: $ 0.13936 Target 4: $ 0.16924 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
Alikze »» SKL | Pullback to broken structureIn the daily time, after the floor in the range of 0.019, it has entered a motivational upward phase, which is facing a correction with the failure of the dynamic trigger and the specified supply area, which is supported in the green box area where a break has occurred. It will grow up to the next supply area. Otherwise, it can continue up to the range of the dynamic correction trigger, which will make it difficult to continue the upward path. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
SKL/USDT: A Crucial Resistance Test AwaitsAnalysis Overview: As we step into a decisive phase for SKL/USDT on the weekly timeframe, our attention is drawn to a critical resistance level that's been a formidable barrier in past trading sessions. The digital asset now faces a pivotal moment: a break and hold above this resistance could pave the way for a bullish continuation, but the journey is laden with both opportunities and challenges. Let's dive deep into the technicals that shape our trade plan, incorporating essential price action cues and indicators to navigate the waters ahead. Key Resistance in Focus: Our analysis hones in on the crucial resistance zone that SKL/USDT is currently challenging. This level, historically, has acted as a significant pivot point, dictating short to medium-term market directions. A conclusive break above this resistance, accompanied by increased trading volume, could signal the start of a new bullish chapter for SKL/USDT. Price Action Cues: Candlestick Patterns: We're closely monitoring the formation of bullish candlestick patterns near the resistance level. Patterns such as a bullish engulfing or a breakaway gap could serve as early indicators of a successful resistance breach. Trend Analysis: The emergence of higher highs and higher lows following a breakout would confirm a bullish trend reversal. This shift in market structure is paramount for traders aiming to capitalize on early signs of momentum. Volume Analysis: An uptick in trading volume accompanying the resistance breach would add credence to the breakout's validity, suggesting a strong buyer conviction behind the move. Technical Indicators to Watch: RSI (Relative Strength Index): An RSI breakout above 60 could indicate growing bullish momentum, adding further confirmation to our breakout hypothesis. MACD (Moving Average Convergence Divergence): A bullish MACD crossover, particularly above the zero line, would underscore the strength behind the upward move. Fibonacci Retracements: Should a breakout occur, Fibonacci levels will serve as key targets and potential reversal points, guiding our profit-taking strategy. Trading Strategy: Our trade plan hinges on a clear break and hold above the resistance. Entry points should be considered post-breakout to mitigate the risk of false signals. Stop losses are advised below the breakout level to protect against potential reversals. Profit targets can be established at subsequent Fibonacci extension levels, adjusting for market feedback and momentum indicators. Risk Management: Given the volatile nature of cryptocurrency markets, employing a disciplined risk management strategy is essential. This includes setting appropriate stop losses, not over-leveraging positions, and taking profits at predefined levels to preserve capital. Conclusion: SKL/USDT is at a crossroads, with its immediate future largely dependent on the outcome at this critical resistance level. While a breakout could open the door to significant gains, traders must navigate with caution, employing a sound technical analysis framework and risk management practices. As always, keep an eye on broader market sentiment and news flow, as external factors can significantly influence price action. This trade plan aims to blend technical analysis with practical trading strategies, providing crypto traders with insights and a roadmap for navigating the current SKL/USDT setup. Remember, while technical analysis can offer valuable insights, it's important to stay adaptable and responsive to market changes.
Long
by SwingSamurai_QMA