SKLUSDT.PS trade ideas
I'm at my limitSKL has not been looking good lately. SKL is one of those coins that will drop for weeks.. and then pump 100% in 1-2days. SKL could go to .50 if it had to. If we drop below this trend line, I will have to sell and I have a big bag. Best of luck everyone.
Resistance support area of value on $SKL against $USDTPrice action has broken out as of April 5th with a pullback and retest of the bull flags upper trend line. At the moment price action is trading in the area of value where price has ranged for the most part since end of march. The area of value between 0,0726 and 0,0756 will require a move with volume to be broken as $SKL hasn't yet been able to leave the box. Once broken out look for a measured move anywhere between 60 and 80% yield in the course of the following days. Pressure building.
long timetp 1: about 1.4$-1.5$
pull back to medline
tp 2: about 2.5$
if break channel it can discover higher price
SKL - Ascending triangle - Profit target 1.70$Possible price target if SKL breaks the ascending triangle resistance
1.70$
SKLUSDTSKLUSDT
Long
Entry: 0.703-0.69
Stop loss: 0.6614
Take Profit 1: 0.86
Take Profit 2: 0.913
Take Profit 3: 0.98
Take Profit 4: 1.18
Max Risk: 2%
SKLUSDT (SKL) - BUY ENTRY ANALYSIS 🔎
- SKLUSDT is consolidating in the symmetrical triangle (ST) pattern.
- Price is testing the symmetrical triangle's inclined support.
- The minor downtrend was bounded in the falling wedge (FW) pattern.
- Price brokeout above the falling wedge's resistance.
- This is a bullish signal (bounce off the symmetrical triangle's inclined support).
BUY ENTRY ⬆️
- Market price.
TARGETS 🎯
- Symmetrical triangle's inclined resistance.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
🔥 SKL Triangle ReversalSKL has seen some strong volatility over the last couple of weeks, starting all the way in February. Currently, the price has been consolidating for almost a month now, fabricating a triangle in the process.
Since the price appears to be reversing from the bottom support, I'd say we could see SKL moving towards the triangle resistance fairly soon, potentially targeting the ATH resistance in the coming weeks.
Happy trading!
SKL path to ATH Bullish LongSKL in a currently bullish consolidation period and my projected breakout to the upside and ATH. Looking like a good entry point at .65-.70 with a target over 1.20 in the next month.
SKLUSDT CONFLUENCE HOPIUMBINANCE:SKLUSDT 3 points of confluence. top of parallel channel, top of fib-extension, top of fractal.
chai if not e choke!
SKLUSDTSKLUSDT
Long
Capital: 1000$
Position Size: 210$
Leverage: x10
Entry: 0.735 - 0.74
Stop loss: 0.7280 Pottential Loss( -20$ & 2% of acc)
Take Profit 1: 0.85 Pottential Profit( 320$ & 32% of acc)
Take PRofit 2: 0.89 Pottential Profit( 434$ & 43.4% of acc)
Take Profit 3: 0.93 Pottential Profit( 548$ & 54.8% of acc)
Take Profit 4: 0.99 Pottential Profit( 718$ & 71.8% of acc)
Max RIsk: 2%
Here is a new ideaThis is my personal impression of the possibility of the movement of this token in the coming hours. Please comment.
