$SKL – 4H Long Setup 📈
$SKL has broken out of a multi-week rectangle base (0.00433–0.00489) with a strong breakout candle. The 24h gain is +14.5%.
⚠️ The 4h RSI is at 82, so it's overbought. I'm not chasing here. I'm waiting for a retest of the old range top.
🟢 Entry zone: 0.00490–0.00500
🛑 Stop loss: 0.00455 (4h close below)
🎯 TP1: 0.00545
🎯 TP2: 0.00564
🎯 TP3: 0.00597
If price doesn't pull back to the zone, I skip the trade. A 4h close back inside the range means the breakout failed.
Not financial advice. Trade with a stop & manage your risk.
#SKL #SKLUSDT #SKL/USDT #SKLUSDT🔷
$SKL has broken out of a multi-week rectangle base (0.00433–0.00489) with a strong breakout candle. The 24h gain is +14.5%.
⚠️ The 4h RSI is at 82, so it's overbought. I'm not chasing here. I'm waiting for a retest of the old range top.
🟢 Entry zone: 0.00490–0.00500
🛑 Stop loss: 0.00455 (4h close below)
🎯 TP1: 0.00545
🎯 TP2: 0.00564
🎯 TP3: 0.00597
If price doesn't pull back to the zone, I skip the trade. A 4h close back inside the range means the breakout failed.
Not financial advice. Trade with a stop & manage your risk.
#SKL #SKLUSDT #SKL/USDT #SKLUSDT🔷