SKLUSDT trade ideas
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
SKL forming a bullish pennant that could break to the upsideSKL needs to break the resistance and hold the line and not fall back below the resistance for an official break out. If it breaks the pennant to the downside then it might need some more time to consolidate but as of right now it is holding the support line.