Hello TradingView Family / Fellow Traders,
📉 After a 130% surge,
SKLUSDT
has entered a correction phase and is currently trading within the descending blue channel.
🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes.
📈 For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required.
Meanwhile, an expected movement towards the demand zone is anticipated.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📉 After a 130% surge,
SKLUSDT
has entered a correction phase and is currently trading within the descending blue channel. 🏹 SKL is presently approaching a robust demand zone highlighted in green. Therefore, as the price approaches this zone, we will be seeking trend-following buy setups on lower timeframes.
📈 For the bulls to assume control and initiate the next upward impulse movement, a breakout above the blue channel is required.
Meanwhile, an expected movement towards the demand zone is anticipated.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal