Looking at SKY setup its painted plainly Bullish setup with price breakout from falling wedge and re-test with bounce. We have immediate resistance at th end of the downtrend channel which I believe will be break to pave way for huge price movement.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
Level to watch for are: POSSIBLE ENTRY ZONE Possible Support LEVEL SELL TARGETS
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Note: It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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Daily candle closed great, this will be massive soonest.
Trade closed: target reached
First target achieved
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We will see strong upside move if price manage to break 325/330 level. It will be epic
Keep an eyes
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Family and everybody looking at this, sky got potential, we should try and hold to break 325/330 upside and see how the fomo will be huge. That will be massive 250% profit.
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#6th Day of Holding# Great achievement so far as we recorded a closing of monthly candle above 300sats.
Let have this in mind we may likely have a quick re-test on 290-295 zone before we started the journey fully.
We should not worry about volume, it will rise again.
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Look like last time we will see cheap SKYCOIN, I believe it will moon soon, we just re-tested 255 level and price got rejected well.
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We have big accumulation still continue, as we can from the chart, this means we are at very cheapest price for skycoin. We should expect this accumulation phase to be over soon then we will have our much waited lamboo.
I shared different views for us to see how the accumulation phase look like, this is a great setup for those that know opportunity.
The chart shared are 4hrs, 8hrs, 12hrs and 1 day.
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Accumulation in Progress, we should keep our eyes on the falling wedge forming on 4hrs timeframe. I expect good move from there when it eventually breakup.
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