SKLUSDT
Skale, SKLUSDT breakout -pending confirmationHello,
Quick idea here:
The SKL/USDT pair broke above the diagonal resistance on daily, which is giving us a good buy setup today. Approximately 20% up to the previous high.
I'm just waiting for confirmation and 1 or 4-hour close above the horizontal line marked below:
Stop-loss below the 21-day EMA.
Cheers
Resistance support area of value on $SKL against $USDTPrice action has broken out as of April 5th with a pullback and retest of the bull flags upper trend line. At the moment price action is trading in the area of value where price has ranged for the most part since end of march. The area of value between 0,0726 and 0,0756 will require a move with volume to be broken as $SKL hasn't yet been able to leave the box. Once broken out look for a measured move anywhere between 60 and 80% yield in the course of the following days. Pressure building.