๐ข $SKL / USDT | ๐ด SHORT | โญ 71%
๐ฏ Target: $0.00396114. Will it get there?
๐ฏ Trading levels:
๐ด Entry: $0.00405
๐ Stop Loss: $0.00409937
๐ TP1: $0.00396114
๐ TP2: $0.00391178
๐ TP3: $0.00385254
๐ 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.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 15M
๐ญ 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
๐ก This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
๐ฏ Target: $0.00396114. Will it get there?
๐ฏ Trading levels:
๐ด Entry: $0.00405
๐ Stop Loss: $0.00409937
๐ TP1: $0.00396114
๐ TP2: $0.00391178
๐ TP3: $0.00385254
๐ 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.
โ๏ธ Risk/Reward: 1:1.8
โฑ๏ธ Timeframe: 15M
๐ญ 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
๐ก This analysis is for educational purposes and does not constitute financial advice. Do your own research and make your decision carefully.
