SKALE is positioned for lots of upside
Howdy folks, another play I wanted to share
I've opened a position in Skale coin at around 12 cents bc (a) it is looking oversold at these levels, (b) there is chance for upside to 100-500%+, whereas if it dips from here I only temporarily am down 30-50% (I don't actually lose this money unless I sell while down, but with crypto if you hold long enough it will rise again)
Three scenarios I see playing out:
1. Price returns to 24 cents
2. Price returns to 35 cents
3. Price rallies past 50 cents
In all of this instances the upside is 100%+
Volume is currently at 24M and rising. Watch out for the volume to continue rising to validate the bull run. Also, this is assuming tomorrow's Fed news doesn't crater markets again!
If you found this valuable, follow for more!
I've opened a position in Skale coin at around 12 cents bc (a) it is looking oversold at these levels, (b) there is chance for upside to 100-500%+, whereas if it dips from here I only temporarily am down 30-50% (I don't actually lose this money unless I sell while down, but with crypto if you hold long enough it will rise again)
Three scenarios I see playing out:
1. Price returns to 24 cents
2. Price returns to 35 cents
3. Price rallies past 50 cents
In all of this instances the upside is 100%+
Volume is currently at 24M and rising. Watch out for the volume to continue rising to validate the bull run. Also, this is assuming tomorrow's Fed news doesn't crater markets again!
If you found this valuable, follow for more!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.