Hi dear patrons, hope you are well and welcome to the new update on SKALE Network (SKL) token.
On the weekly time frame chart, the price action has of SKL has formed a big bullish BAT pattern.
Buy and sell targets:
Buy between: $0.2898 to $0.1684
Sell between: $0.5794 to $1.01
Stop loss:
The maximum extent of potential reversal zone $0.1684 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 499%, and the loss possibility is 42% but at this time it is 22% as the priceline is moving at $0.2240.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the weekly time frame chart, the price action has of SKL has formed a big bullish BAT pattern.
Buy and sell targets:
Buy between: $0.2898 to $0.1684
Sell between: $0.5794 to $1.01
Stop loss:
The maximum extent of potential reversal zone $0.1684 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 499%, and the loss possibility is 42% but at this time it is 22% as the priceline is moving at $0.2240.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.