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!
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Skalebtc
SKALE Network SKLUSDT - Falling wedge-SKALE Network - Rank #142 is forming falling wedge pattern, which is currently breaking up!
-First target is all time high, that is an only resistance on the way up.
-Of course, we can go much higher, but for now stick with this resistance.
-0.618 FIB golden pocket support acted as major support in the past.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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