📢 $SKL / USDT | 🔴 SHORT | ⭐ 71%
🎯 Target: $0.00396114. Will it get there?
🎯 Trading levels:
🔴 Entry: $0.00405
🛑 Stop Loss: $0.00409937
🏁 TP1: $0.00396114
🏁 TP2: $0.00391178
🏁 TP3: $0.00385254
📈 Analysis:
The asset shows a clear bearish structure, confirmed by the formation of lower highs and a break of the previous structure on the 4-hour timeframe. Selling pressure is supported by a significant increase in trading volume, which exceeds the usual average. In addition, current momentum is weak, and technical indicators suggest that sellers are dominating the market.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A breakout occurs when the price moves through an important technical level, often indicating a possible change in or continuation of the current trend with greater momentum.
#crypto #SKL #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
🎯 Target: $0.00396114. Will it get there?
🎯 Trading levels:
🔴 Entry: $0.00405
🛑 Stop Loss: $0.00409937
🏁 TP1: $0.00396114
🏁 TP2: $0.00391178
🏁 TP3: $0.00385254
📈 Analysis:
The asset shows a clear bearish structure, confirmed by the formation of lower highs and a break of the previous structure on the 4-hour timeframe. Selling pressure is supported by a significant increase in trading volume, which exceeds the usual average. In addition, current momentum is weak, and technical indicators suggest that sellers are dominating the market.
⚖️ Risk/Reward: 1:1.8
⏱️ Timeframe: 15M
💭 A breakout occurs when the price moves through an important technical level, often indicating a possible change in or continuation of the current trend with greater momentum.
#crypto #SKL #trading #Bearish
💡 This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.