🔥 SKL Triangle ReversalSKL has seen some strong volatility over the last couple of weeks, starting all the way in February. Currently, the price has been consolidating for almost a month now, fabricating a triangle in the process.
Since the price appears to be reversing from the bottom support, I'd say we could see SKL moving towards the triangle resistance fairly soon, potentially targeting the ATH resistance in the coming weeks.
Happy trading!
SKLUSDT trade ideas
SKLUSDTSKLUSDT
Long
Capital: 1000$
Position Size: 210$
Leverage: x10
Entry: 0.735 - 0.74
Stop loss: 0.7280 Pottential Loss( -20$ & 2% of acc)
Take Profit 1: 0.85 Pottential Profit( 320$ & 32% of acc)
Take PRofit 2: 0.89 Pottential Profit( 434$ & 43.4% of acc)
Take Profit 3: 0.93 Pottential Profit( 548$ & 54.8% of acc)
Take Profit 4: 0.99 Pottential Profit( 718$ & 71.8% of acc)
Max RIsk: 2%
SKLUSDTHey.
SKL had an amazing breakout as I said it will. I hope you opened that position and gained your profits already.
But now it's getting rejected by the upper Bollinger Band and I don't see any safe positions for this coin for now.
I'm publishing this idea to let you know that it's not a safe coin to trade right now. there are no valid data for how it's going to behave right now.
Look for other coins. I know since it's the hottest coin on Binance right now some of you might FOMO, but don't.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
SKL/USDT - Potential to reach 1.46 - updateHi guys, just to update the previews analysis, everything is going smoothly as we planned, I just update the target and put some other from Fibonacci.
OBS: I don't think that is going to happen but I have to make you guys aware that if the down trend line breaks the price is going really down back to 0.34.
Please follow for more and give a like in the idea,
See you.
SKL/USDT - Potential for a further long.I have placed a new long at market price just now. Looks like we will hold this support. We have a narrow SL on the trade. If it is triggered I will look for a new entry into the trade.
MACD looks like it has reset. Moving Averages is my only worry with this though.
This is not financial advice.