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SKLUSDT

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
SKLUSDT - D1SKLUSDT D1 - A 3-wave structure has been formed (also fixation behind the trend line), which can lead to further upward movement, you can also see the beginning of the 5th wave on W1 - it is better to consider targets for breaking the maximum of the 3rd wave on W1, since this was a strong impulse - 0.06982 What can you expect? Long - You can consider entering from these levels 0.06982 with a target of 0.06982 Cancellation if the price breaks the minimum of the 3rd wave - 0.03607 Long Target 0.05316 - 0.05710 - 0.06350 - 0.06982
Long
by Trade_Hive_Signals
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
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
What to do, When you hit Stoploss?When the market hits your Stop Loss, Instead of panicking and bitching. Or even crying. Do this. First take a deep breath. A Stop Loss triggers a lot of negative emotions. - Your body shakes, - You get angry, - You get nervous. Calm your body down by closing your charts. Then let it go. Turn off your ego and accept the loss. It's just a loss. One out of a million more trades. You are not going to die because of one loss. Simply accept it and let it go. Journal it. Reanalyze the market again and understand why you were wrong. Don’t rush back into the market. If you feel like you know the next move after the loss - you are revenge trading. Step aside and don't trade.
by FortuneAI
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