📈 SKL/USDT | Potential Upward Movement
💡 Buy Limit Order @ 0.3161
🎯 Target Profit 0.3290
🛑 Stop Loss 0.3119
❌ Do not risk more than 1% of your account on each trade
Description:
The coin is traded inside a wedge formation. This pattern represents a correction where we expect it to end near the area of confluence which is made of a 61.80% Fibonacci retracement, strong support and the lower end of the wedge. After the correction, a rally all the way up could be seen toward the target profit.
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“Comment” below to share your thoughts with us and other traders 👥
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
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🙂 Good Luck!
💡 Buy Limit Order @ 0.3161
🎯 Target Profit 0.3290
🛑 Stop Loss 0.3119
❌ Do not risk more than 1% of your account on each trade
Description:
The coin is traded inside a wedge formation. This pattern represents a correction where we expect it to end near the area of confluence which is made of a 61.80% Fibonacci retracement, strong support and the lower end of the wedge. After the correction, a rally all the way up could be seen toward the target profit.
-------------------------------------------------------------------------------------
Please press “Like” if you appreciate the trading idea 👍
“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
-------------------------------------------------------------------------------------
Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
-------------------------------------------------------------------------------------
🙂 Good Luck!
