The chart on SKL is screaming overbought at me
Not my favorite setup ever, but the risk/reward justifies it.
SETUP — 📉 SHORT
📉 Trade Plan:
📉 Entry: 0.004962 – 0.005012
🛑 Stop: 0.005411
🎯 TP1: 0.004464
🎯 TP2: 0.003970
🎯 TP3: 0.003622
📊 Confidence: 82%
The chart is a masterclass in distribution.
The move lower is far from complete.
Accumulation Done 👉 $SKL 👈 Launch
#SKL $SOL $BTC
Not my favorite setup ever, but the risk/reward justifies it.
SETUP — 📉 SHORT
📉 Trade Plan:
📉 Entry: 0.004962 – 0.005012
🛑 Stop: 0.005411
🎯 TP1: 0.004464
🎯 TP2: 0.003970
🎯 TP3: 0.003622
📊 Confidence: 82%
The chart is a masterclass in distribution.
The move lower is far from complete.
Accumulation Done 👉 $SKL 👈 Launch
#SKL $SOL $BTC
