SKLUSDT 4H long setup; Perfect W-formation neckline retest
TA explained
SKL formed a huge W-formation and retested the W-neckline on the pullback. Price is bouncing on the 4H 50 MA which also aligns with the Golden Pocket.
Targets align with the extended fib levels calculated from the current pullback.
Trade setup
Best entries: 0.329910 - 0.345500
TP1: 0.45880
TP2: 0.53836
TP3: 0.62286
SL: 0.30903
RR: 10.11
Max leverage: 2
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MDSquared Crypto Lounge
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
SKL formed a huge W-formation and retested the W-neckline on the pullback. Price is bouncing on the 4H 50 MA which also aligns with the Golden Pocket.
Targets align with the extended fib levels calculated from the current pullback.
Trade setup
Best entries: 0.329910 - 0.345500
TP1: 0.45880
TP2: 0.53836
TP3: 0.62286
SL: 0.30903
RR: 10.11
Max leverage: 2
—————
MDSquared Crypto Lounge
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)