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SKL / TetherUS

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SKLUSDT trade ideas

SKL Lights the Path: Get In on the Buy Action Today!"## SKL Coin: Short Fundamentals, Recent News, and Disclaimer **Disclaimer:** I am not a financial advisor and this is not financial advice. Cryptocurrency is a highly volatile and speculative market. Please do your own research before making any investment decisions. **Short Fundamentals:** * SKL coin (SKALE) is the native token of SKALE Network, a layer-2 scaling solution for the Ethereum blockchain. * SKALE aims to address Ethereum's scalability issues by providing an off-chain network for fast and secure transactions. * SKALE uses an optimistic rollup architecture, which allows for faster transaction processing compared to the main Ethereum chain. * SKL coins are used to pay for gas fees on the SKALE network and to participate in network governance. **Recent News:** * **February 13, 2024:** SKALE announces partnership with Chainlink to expand oracle services on the SKALE network. * **February 8, 2024:** SKALE releases alpha version of its new EVM sidechain, SKALE Chain. * **January 25, 2024:** SKALE announces collaboration with Polygon to accelerate Web3 adoption in India. **Disclaimer:** While the news listed above are recent developments, the cryptocurrency market is fast-paced and information can change quickly. It's important to research current news and updates before making any investment decisions. **Additional Resources:** * SKALE Network Website: (skale.network) * SKL Coin on CoinMarketCap: [ ]( ) Remember, cryptocurrency is a complex and risky investment. Always do your own research and never invest more than you can afford to lose.
Long
by MoonTradingForecast
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
Mock Up Price Action for SKL | Near-Mid Term (4HR)Mock Up Price Action for BINANCE:SKLUSDT | Near-Mid Term (4HR) - On my very short list of next pump and dump candidates - Watching and waiting for opportunities to enter short - Fractals and price targets inspired by BINANCE:TRBUSDT Personal Approach & Base Chart Setup - Stacked Parallel Channels for Grid of Confluence Points - High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles - Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements - Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade - I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Short
by Trevictus
4
Mock Up Price Action for SKL | Mid Term (12HR)Mock Up Price Action for BINANCE:SKLUSDT | Mid Term (12HR) - Watching and waiting for opportunities Personal Approach & Base Chart Setup - Stacked Parallel Channels for Grid of Confluence Points - High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles - Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements - Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade - I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news
Short
by Trevictus
✴️ Skale Newtork 800%+ Potential Revealed!My dear Cryptocurrency traders, the market continues to improve, everything is looking better by the hour... Something really special is about to take place. ➖ Skale Newtork (SKLUSDT) is now full green on the weekly timeframe as it moves above EMA21. Chart, after chart, after chart, is showing really strong bullish signals but still at low prices/near support. The trading pairs are looking great but they are about to shoot up. So in a way is early because the bullish wave is not yet in but at the same time is kind of late because when the bullish breakout happens it will go up way too fast and that's it, it becomes complex as soon as we are half way through. That's why I prefer/recommend buy low near support and hold/wait strong, after the waiting we go big green and the rest is a piece of cake, easy to eat. ➖ Rising volume, SKLUSDT. ➖ The last three sessions green. ➖ Weekly RSI above 50. The potential targets mapped on the chart can be just the initial wave because we will see new All-Time Highs in 2024. Thank you for reading. Namaste.
Long
by AlanSantana
6