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SKL / TetherUS

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SKLUSDT trade ideas

This Is How SKALE Network Can Turn Your Thousand$ To Million$Down channel: On the daily timeframe chart, the price action of SKL is moving in a down channel since the month of March 2021. It was moving between the resistance in the support of this down channel very well. But after 28th May so far, the priceline of Skale is moving sideways and did not hit the resistance or support of the channel and moved slightly to the downside and now it has started moving towards the upside. Breaking out the triangle: If we switch to the 4 -hourly chart, then the price action has broken out the resistance of the triangle. Now the entry can be between: $0.25 to $0.258 and the support of the triangle can be used as a stop loss because here we have a recent swing low before the breakout which is $0.22. The immediate target after this breakout can be $ A big bullish BAT move: On the weekly time frame chart, the price action has of SKL has formed a big bullish BAT pattern. The buy and sell targets as per the Fibonacci sequence of this BAT can be as below: Buy between: $0.2898 to $0.1684 Sell between: $0.5794 to $1. 01 The maximum extent of potential reversal zone $0.1684 can be used as stop loss. But there is strong support at $0.2240, therefore, we can use this level as stop loss to minimize the risk factor. As per the above targets, this pattern has a huge profit potential of up to 499%, and the loss possibility is 42% but at this time it is 22% as the priceline is moving at $0.2240.
Long
by moon333
3
#SKLUSDT (Watchlist)This means the coin we mentioned is forming a pattern or moving near a historical bottom, around or above good support, increase in trading volume, showing a reversal candle, accumulation stage, etc, but no reaction from bulls, so we inform you to add it to your watchlist until the right time for entry.!! Ps: we avoid trading any coin if the entire project for it is based on gambling, prostitution, human trafficking, etc. This is not financial advice, The purpose of these Charts to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Press the "like button" and leaving your "comments" below our ideas is a great and supports us provide more ideas.❤️ Previous idea #ICPUSDT Good luck to all. we ask Allah reconcile and repay🙏
by HamadaMark
1
SKL/USDT Could Launch Its Rocket Soon 🚀🚀🚀📈 SKL/USDT | Potential Upward Movement 💡 Buy Limit Order @ 0.3161 🎯 Target Profit 0.3290 🛑 Stop Loss 0.3119 ❌ Do not risk more than 1% of your account on each trade Description: The coin is traded inside a wedge formation. This pattern represents a correction where we expect it to end near the area of confluence which is made of a 61.80% Fibonacci retracement, strong support and the lower end of the wedge. After the correction, a rally all the way up could be seen toward the target profit. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️ ------------------------------------------------------------------------------------- 🙂 Good Luck!
Long
by CollegeofPips
1