SKLBTC
SKL/USDT (Bearish Triangle Pattern?)💎Technical Analysis Summary💎
BINANCE: SKLUSDT
-The price action is technically bearish for the last 7 days
-We can see a series of Lower Highs and flat area of support
-This is not a good sign, because this support becomes weaker over time
-Most of the time, this triangle breaks to the downside
-Please be cautious and always to follow your stop loss
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SKLUSDT - Potential breakdown 🔽SKLUSDT is printing a descending triangle pattern on the 2H timeframe.
Sell entry ⬇️ - breakdown below the descending triangle horizontal support.
Target 🎯 - fibonacci extension levels / projected descending channel support.
Setup invalidation ❌ - breakout above the descending triangle inclined resistance.
Skale Resistance break | Swing Setupprice break the resistance and trading above it's good time to accumulate small amount of skale token around 0.14200 below
Buy : 0.14200
Stop : 0.11480
Target : 0.15 , 0.158 , 0.165 , 0.18 , 0.2
