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Skaleusd

SKL - Daily more fallSKLUSD has recently experienced a pullback below its crucial support zone, as highlighted in the chart. This movement indicates a potential shift in market sentiment. Typically, a pullback under a support zone, especially when sustained, can signify weakness and increased selling pressure, hinting at the possibility of further declines. This breach suggests that buyers are losing control, and if SKLUSD does not reclaim the support zone swiftly, it may continue to trend lower, targeting new support levels.
Short
by Sober_Trading
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!
FTX:SKLUSDLong
by seymour-ganes
2
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 ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
5