💎 SKL has recently exhibited notable market dynamics, experiencing rejection once again upon encountering strong resistance.
💎The chart pattern formed resembles a triple top pattern, indicating a potential reversal in price direction towards the downside.
💎 It's likely that SKL will retreat to the demand area to gather momentum for another attempt at breaking through the strong resistance zone towards our target area.
💎 However, if SKL fails to find support upon reaching the demand area, resulting in a breakdown below this level, it confirms the triple-top pattern and signals further downward movement.
💎 In such a scenario, the price may continue its descent towards the Bullish Order Block (OB) area or even lower levels.
💎The chart pattern formed resembles a triple top pattern, indicating a potential reversal in price direction towards the downside.
💎 It's likely that SKL will retreat to the demand area to gather momentum for another attempt at breaking through the strong resistance zone towards our target area.
💎 However, if SKL fails to find support upon reaching the demand area, resulting in a breakdown below this level, it confirms the triple-top pattern and signals further downward movement.
💎 In such a scenario, the price may continue its descent towards the Bullish Order Block (OB) area or even lower levels.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.