SKL🚀 - (1-3 days)- About to test descending wedge (buy the break) ✅
- Volume on daily heading up and hourly ✅
- 4 days of support above the $0.68usd range ✅
- Golden Cross coming ✅
- Res ichimoku cloud thinning out, currently occupies a $0.02 range ✅
Enter at break or uptrend resistance $0.715-$0.735
Target 1: $0.77usd
Target 2: $0.88usd
Target 3: $1.02usd
Target 4: $1.12usd
Stop loss: $0.668
Potential gain: 61.67%
Potential loss: 4.36%
RR 1:14.13
Risk: low risk
Worst case scenario: SL is breached price could fall to the bottom of the wedge around $0.50usd in that case we would look for a buy - although on this trade a 4.36% is the most you would lose 🐳
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.
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.