SKLUSDT trade ideas
Parallel downward channel (SKLUSDt)We broke out to the downside of the previous triangle pattern, currently we're trading inside a parallel channel it seems. Although I don't think we will fall below the red line, keep this option open. In that case I will open a short position. For now I remain bullish on SKL. I will open long position after a retrace to the support level, if it holds.
Skale gonna skale 📈🚀Looking promising for the next week or two, going to break out of resistance from a big rally. It was a perfect fib retracement and accumulation so hopefully we'll get a similar expansion. RSI has plenty of room to move before being overbought. Chase and Wells Fargo aren't releasing stimulus deposits until Wednesday which lines up perfectly for a little pump before another big breakout. Obviously more stimulus coming soon outside of deposits as well so this should be a strong march for us 🚀 👨🚀 Plus this project is killer, so many great things about it and it's still very new, once developers start building their projects I can see this taking off. Half of me wants it for the money, the other half wants it for cheap SKL for developing...either way its a win! 🙌 Strong close today would seal the deal.
If chart follows pattern it could set up a nice inverted H&S , lets see how this shakes out!
SKL possible breakout coming in the next 12hWe failed to break red descending triangle and broke down 0.85$ support
Red descending triangle is been broken after that but without strength, just sideways
Green ascending triangle to be broken in the next 12h
Entry after confirmation above 0,85$
SL 0,8$ or when green triangle does not support
Trade at your own risk
WE did it again - Have nice profits all! just in max 4 days Hello friends,
We did it again. have good profits with the last update from 0,29 to now 1 usd. We had also a great time by studing this nice coin.
Take always your profits and be happy.
Discipline are the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly
Soon new altcoin update. have nice day.