SKL possible breakout coming in the next 12h
We 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
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
Trade active
For confirmation we need a strong 1h candle closing above green resistanceTrade active
Bitcoin dump was bad for SKLIf we close below 0,8$, we exit. Otherwise, trade still active
Note
We didn't get to break the green ascending triangle and it went down.0,76$ would be our last short term support
If it doesn't hold, we should exit as next support would be around 0,66$
Trade closed: stop reached
0,76$ support not holdingTrade closed
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.