SKLUSDT has broken above a long-standing descending Channel resistance on the daily timeframe. This breakout is backed by a noticeable increase in trading volume, signaling renewed buying interest after months of consolidation.
The chart setup indicates a potential shift in market structure from a prolonged downtrend into an accumulation-to-uptrend phase. If the breakout sustains above the $0.027 level, we could see a 50%–125% move in the coming weeks.
Cheers
Hexa
The chart setup indicates a potential shift in market structure from a prolonged downtrend into an accumulation-to-uptrend phase. If the breakout sustains above the $0.027 level, we could see a 50%–125% move in the coming weeks.
Cheers
Hexa
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🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
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🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.