SKLUSDTSKLUSDT is in bearish trend.
Potentially printing LH and LL.
No sign of trend reversal here.
We wait and watch for the breakout of last LL.
SKLUSDT.P trade ideas
SKL NEXT EXPECTED MOVESSKL is still in under value and it will pump hard again in next few coming days.
We can buy at 0.05 $ for target 0.06 $
If break 0.05 $ then DCA entry at 0.0460 $
Skl still strong Sklusdt
I anticipate SKL's price to potentially reach new highs soon. A bullish move of 50-100% could be on the horizon in the coming days. Remember, this is not financial advice. Conduct your own research before making any investment decisions.
What to do, When you hit Stoploss?When the market hits your Stop Loss,
Instead of panicking and bitching.
Or even crying.
Do this.
First take a deep breath.
A Stop Loss triggers a lot of negative emotions.
- Your body shakes,
- You get angry,
- You get nervous.
Calm your body down by closing your charts.
Then let it go.
Turn off your ego and accept the loss.
It's just a loss. One out of a million more trades.
You are not going to die because of one loss.
Simply accept it and let it go.
Journal it.
Reanalyze the market again and understand why you were wrong.
Don’t rush back into the market.
If you feel like you know the next move after the loss - you are revenge trading.
Step aside and don't trade.
SKL step curve. Step curve for SKL Let er rip. Nice performer here IMO.. waiting a couple days and rebuying this beaut
SKL/USDT Trading Outlook: Bullish Prospects in the Demand Zone💎 Paradisers, turn your attention to SKLUSDT, which is currently showcasing an intriguing pattern in a demand zone, indicating a strong potential for a bullish movement.
💎 Historically, Skale has demonstrated a tendency to break away from its descending trendline, leading to upward trends. With its current position in a demand zone, the likelihood of a bullish trajectory appears to be quite robust.
💎 The initial goal in this bullish scenario is to break through the supply level at .3513. Successfully surpassing this hurdle could open the door to challenging a significant supply level situated higher up.
💎 Conversely, if SKLUSDT falters in maintaining its upward trajectory, a tactical bullish approach from the .2671 demand level may be the prudent move. However, a drop below this critical point could set off a substantial bearish shift.
Stay sharp and strategic in your trading decisions, Paradisers. Your ParadiseTeam is here to guide you through these market developments.
SKL showing a very good investment opportunityHi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 100 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
SKL Unlocking Potential: The Perfect Entry Point for Profits 💰**Short Fundamental Analysis of SKL Coin**
SKL coin is a native cryptocurrency of the SKALE network, a decentralized blockchain platform designed to enhance the scalability of Ethereum. SKL is used to pay for transaction fees and to secure the network.
SKL has been on an upward trend in recent months, driven by increased interest in the Ethereum network and the SKALE project. The coin has gained over 50% in value since its launch in July 2023.
**Recent News**
* SKALE has announced a partnership with Chainlink, a decentralized oracle network, to provide SKL with access to real-world data.
* SKALE has been integrated into the popular MetaMask wallet, making it easier for users to access SKL-based applications.
**Disclaimer**
This is not financial advice. Please do your own research before investing in SKL coin.
That SKL was supertAfter the buy print we also hit 30%. Waith for the resistance to pass for more uptrend.
DYOR
SKL INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that SKL has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
SKLUSDT - Bullish TrendSKLUSDT.P is in strong bullish trend.
As the market is consistently printing new HHs and HLs without any Divergence.
SKLUSDT"As we enter the bullish season, the initial target to aim for is
target : 0.6 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
SKLUSDT 3D#SKL is fixed above the MA50 on 3-days chart and now is facing with MA100 and trend line resistance. If it breakout the resistance, expecting massive bullish wave. Targets are on chart.
SKLUSDT - Bullish AB=CD PatternI'm considering a long position in SKL Coin (SKL) at a price of $0.02060. My analysis points to a compelling Harmonic Bullish AB=CD Pattern, with a potential reversal already underway from the D point. This pattern, combined with the principles of Dow Theory and ongoing higher highs and higher lows in the price action, suggests a robust bullish trend in progress.
Furthermore, SKL displays a bullish divergence on the RSI indicator on both the 1-hour and 4-hour timeframes, signaling a potential trend reversal to the upside.
For risk management, I plan to set a stop loss at $0.01940, just below the last lower low. This strategy is designed to limit potential losses. In terms of the target, I'm aiming for a 1:2 risk-reward ratio, indicating that I'm looking to attain double the potential profit relative to the risk I'm taking on.
It's important to bear in mind that while this analysis supports a bullish scenario, the cryptocurrency market can be highly volatile. Therefore, conducting thorough research and staying updated on market developments remains crucial before making any investment decisions
SKL double bottom Bollinguer Bndsfirst time in long time that touched the same floor as before. now we are bouncing from that poin.
Check Bollinguer bands, they are aproaching and crosing, thr space between bnds is smaller, this is good(see why)
Rsi is showing divergence, so this means price will go up.
Next: profilt of 250%
higer profit in history of SKL is 20000%
SKLSKL weekly chart super bullish last Low taken also going to MSS as pattern wise breakout downtrend trend line good RR
SKL/USDT Significant Bounce, Ready for Break the Pattern ??💎 SKL has certainly piqued our interest. Currently, SKL is showing a notable bounce from a robust demand zone and is navigating within a descending channel. For SKL to confirm a bullish trajectory and continue its ascent, it needs to break free from this pattern. At the moment, SKL is on its way to challenge the resistance trendline of the descending channel.
💎 However, if SKL struggles to surpass this resistance and subsequently breaches its strong demand zone, it might be headed towards its key support level.
💎 On the flip side, if SKL successfully breaks out of the channel, it could smoothly sail toward the supply zone, potentially even reaching the bearish OB.
Don't miss this SKL opportunity!SKL is pulling back to the resistance area after the downward CH and the clearing of 2 support areas and the formation of the liquidity pool at the bottom.
This area is full of sell orders and sellers in this area will push the price down.
Look for triggers and confirmations in this area and enter sell/short positions at your own discretion.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SKLUSDT - BullishIt is in bullish trend after forming bullish divergence, followed by a bullish rectangle. Entering, at the break of rectangle, with SL set below the rectangle. TP set at 1:1 R/R ratio.
SKL/USDT Technical Analysis
We've witnessed a breakout from the vertical channel with a resistance breach at $0.022, signaling a bullish trend.
Bullish target is set at $0.0227.
It's essential to place a stop loss if the price closes above the level that was previously resistance but is now expected to act as support.
Stay alert and make informed decisions! #SKLUSDT #TechnicalAnalysis
SKLUSDTSKLUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.02450
50% pump look possibly The weekly candle close right at the support and the continuation up is happening gradually.
PS a slow mover but 50% move up (yellow line ) to the resistance area ain’t bad for profit taking.
SKL - Recovery should fail
The uptrend that we´re seeing in the last 3 weeks looks corrective, and I expect it to fail.
The yellow zone should provide resistance, and I´ll be looking for short trades targeting 0.019.
