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SKL

SKL/USDT Keep an eye on the Bullish OB area potential Bounce!!💎 SKL has undeniably garnered significant attention in the market. Presently, SKL is exhibiting a downward trajectory in its recent price movement. 💎 Upon closer examination, a bearish pattern known as the head and shoulders pattern is discernible on the lower time frames. The emergence of this pattern suggests a potential bearish trend for SKL, with the price probability heading towards the Bullish OB area, where a rebound may occur. 💎 Should a rebound materialize and be confirmed, SKL may have an opportunity to make another attempt at breaking through the strong resistance area, which is our target zone. However, if SKL fails to exhibit a rebound and instead consolidates within the Bullish OB, especially if accompanied by weak volume, this could be interpreted as a negative sign. 💎 In such a scenario, there is potential for the price to lose its position within this area, leading to a continuation of the downward movement towards the demand area or even lower levels.
by MyCryptoParadise_Nathan
SKL LOOKS BEARISH (4H)From the wave counter, it seems that SKL is completing a bearish triangle. We have an untested resistance range, which is a good place to open sell/short positions. We specified the targets on the chart. Closing two 4-hour candles above the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
2
SKL/USDT Break out the key level area ??? SKL Analysis Today💎 SKL has undeniably left its mark on the market. Currently, SKL finds itself in a pivotal zone, facing a resistance area. If SKL successfully breaches this resistance in the near future, it will be poised to continue its upward trajectory, with the probability of reaching our target zone, encompassing both the supply and major supply areas. 💎 Conversely, if SKL fails to break through the resistance, there's a possibility that it will return to testing the demand area at $0.0275 in order to generate fresh momentum. 💎 During this retesting phase at the $0.0275 demand area, SKL must either maintain this level or risk breaching the demand. Such an outcome would be unfavorable for SKL, indicating a shift back to a downward movement and a potential descent to the strong demand area.
by MyCryptoParadise
It is time to SKALE ⤴️Hello TradingView Family / Fellow Traders, 📉 After a 130% surge , BITRUE:SKLUSDT has entered a correction phase and is currently trading within the descending blue channel. 🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes. 📈 For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required. Meanwhile, an expected movement towards the demand zone is anticipated. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
SKL/USDT plan bullish ride? 👀 🚀 SKL Today analysis💎 Paradisers, keep your eyes on SKLUSDT! We've observed its trajectory as it faces rejection from the supply zone, hinting at a heightened likelihood of a bullish surge post a retest of the demand zone. 💎 Historically, SKLUSDT has been adhering to a descending trendline. However, it managed to break free, charting an upward course. Currently, after facing rejection at the .2770 supply level, the odds are leaning towards a bullish resurgence upon retesting the .2373 demand zone. 💎 However, if the asset struggles to maintain this momentum, it might seek bullish support from the robust .1952 support level. A breach below this level could signal a potential downward shift. Stay alert and strategize accordingly!
Long
by MyCryptoParadise
1
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.
Long
by MyCryptoParadise_Simon
2
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.
by MyCryptoParadise
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
Short
by behdark
2
SKLUSDT Ascending Journey with 40% Growth Potential. 💎 On June 10, #SKLUSDT discovered solid support at the 461.8% Fibonacci retracement level. Subsequently, the price embarked on a consistent uptrend, breaking free from the clutches of the downtrend trendline. This pivotal bullish breakthrough served as the initial signal for a potential upward movement, and it was followed by a bounce off the minor support at $0.025. 💎 As of now, #SKL is continuously ascending, navigating within the boundaries of the ascending channel. These noteworthy developments collectively increase the likelihood of further price escalation, potentially yielding a remarkable 40% growth for #SKL. The nearest supply zone is situated at $0.035, aligning harmoniously with the 261.8% Fibonacci retracement level and the 200 Exponential Moving Average. This confluence of factors reinforces the significance of the $0.035 price area as a critical target. 💎 While anticipating this strong upward wave, it is imperative to closely monitor the nearest support level. A decisive break below this level should be regarded as a bullish invalidation, hinting at the potential continuation of the descending trend. As astute Paradise Club members, it is vital to exercise caution and remain vigilant throughout the price journey. 💎 Stay informed and prepared, Paradisers, as MCP team is diligently tracking the price action, ready to seize potential opportunities. Keep an eye out for updates as we progress further into the journey of #SKL. 🌴
Long
by MyCryptoParadise
SKLUSDT on weekly support and may head for next resistanceThe price was rejected from monthly resistance MR1 and came back to weekly support WS1. It broke that support for a while but it seems that it is on way to claim it back. This definitely opens the way for the price to again aim for the monthly resistance MR1. If anything goes wrong with this plan and price loses the WS1 zone again then next support we should expect is daily support DS1 and further down the weekly support WS2. For short term I have another idea which I will share in a separate post.
by angela_altair
1