SKLUSDT trade ideas
SKL - It will go to ATH again!Here's a quick look at SKL 4 hr chart. As we can see the price broke out from the bull pennant and did a retest and then broke through resistance. The next area of resistance is around 0.8$.
The idea is: Buy the retest of the level shown in the chart, and if it does not retest then buy the breakout from the are shown in the chart. Take profits at the level shown in the chart.
Targets:
1. 0.86$
2. 0.94$
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BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!
SKL Potential break out - another beautiful falling wedge Looking to break out from somewhere inside the green box, as it corresponds with the previous high.
The last pump came from SKL's Coinsbase listing and was somewhat explosive, and has had a week or so consolidation, and is now looking to break out again, as USA wakes up with their new stimulus checks in their accounts.
A survey performed by the bank of America found that 20 - 30% of stimulus check will find their way to the stonk and crypto markets.... time will tell.
Fib levels stated on the way up.