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SKL / TetherUS

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SKLUSDT trade ideas

SKLUSDT Ascending Journey with 40% Growth Potential. 💎 On June 10, #SKLUSDT discovered solid support at the 461.8% Fibonacci retracement level. Subsequently, the price embarked on a consistent uptrend, breaking free from the clutches of the downtrend trendline. This pivotal bullish breakthrough served as the initial signal for a potential upward movement, and it was followed by a bounce off the minor support at $0.025. 💎 As of now, #SKL is continuously ascending, navigating within the boundaries of the ascending channel. These noteworthy developments collectively increase the likelihood of further price escalation, potentially yielding a remarkable 40% growth for #SKL. The nearest supply zone is situated at $0.035, aligning harmoniously with the 261.8% Fibonacci retracement level and the 200 Exponential Moving Average. This confluence of factors reinforces the significance of the $0.035 price area as a critical target. 💎 While anticipating this strong upward wave, it is imperative to closely monitor the nearest support level. A decisive break below this level should be regarded as a bullish invalidation, hinting at the potential continuation of the descending trend. As astute Paradise Club members, it is vital to exercise caution and remain vigilant throughout the price journey. 💎 Stay informed and prepared, Paradisers, as MCP team is diligently tracking the price action, ready to seize potential opportunities. Keep an eye out for updates as we progress further into the journey of #SKL. 🌴
Long
by MyCryptoParadise
SKLUSDT on weekly support and may head for next resistanceThe price was rejected from monthly resistance MR1 and came back to weekly support WS1. It broke that support for a while but it seems that it is on way to claim it back. This definitely opens the way for the price to again aim for the monthly resistance MR1. If anything goes wrong with this plan and price loses the WS1 zone again then next support we should expect is daily support DS1 and further down the weekly support WS2. For short term I have another idea which I will share in a separate post.
by angela_altair
1
SKLUSDT is testing the supportSKLUSDT recently experienced a false breakout from a static resistance level, indicating a potential trend reversal. Currently, the market is testing the support level around $0.04. If the price fails to hold the support level, it could potentially drop further and retest the demand zone at around $0.035, where buyers are likely to be waiting to enter the market. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
SKLUSDT is testing the resistanceSKLUSDT is testing the dynamic support level. Dynamic support is a support level that is created by a moving average or other technical indicator that adjusts based on recent price action. If the price of SKLUSDT holds above the dynamic support level, it may indicate that the market is likely to continue its uptrend. However, if the price breaks below the dynamic support level, it could indicate a potential trend reversal. The price of SKLUSDT is expected to retest the 4-hour resistance at 0.04$, which is a key level of resistance for the market. If the price breaks above this resistance level, it may indicate a potential continuation of the uptrend. If the price of SKLUSDT loses the dynamic support level and retests it as new resistance, according to Plancton's Rules, new short positions may be considered. Plancton's Rules is a trading strategy that involves waiting for a breakout of a key level of support or resistance, and then entering a position in the direction of the breakout. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2