I'm considering a long position in SKL Coin (SKL) at a price of $0.02060. My analysis points to a compelling Harmonic Bullish AB=CD Pattern, with a potential reversal already underway from the D point. This pattern, combined with the principles of Dow Theory and ongoing higher highs and higher lows in the price action, suggests a robust bullish trend in progress.
Furthermore, SKL displays a bullish divergence on the RSI indicator on both the 1-hour and 4-hour timeframes, signaling a potential trend reversal to the upside.
For risk management, I plan to set a stop loss at $0.01940, just below the last lower low. This strategy is designed to limit potential losses. In terms of the target, I'm aiming for a 1:2 risk-reward ratio, indicating that I'm looking to attain double the potential profit relative to the risk I'm taking on.
It's important to bear in mind that while this analysis supports a bullish scenario, the cryptocurrency market can be highly volatile. Therefore, conducting thorough research and staying updated on market developments remains crucial before making any investment decisions
Furthermore, SKL displays a bullish divergence on the RSI indicator on both the 1-hour and 4-hour timeframes, signaling a potential trend reversal to the upside.
For risk management, I plan to set a stop loss at $0.01940, just below the last lower low. This strategy is designed to limit potential losses. In terms of the target, I'm aiming for a 1:2 risk-reward ratio, indicating that I'm looking to attain double the potential profit relative to the risk I'm taking on.
It's important to bear in mind that while this analysis supports a bullish scenario, the cryptocurrency market can be highly volatile. Therefore, conducting thorough research and staying updated on market developments remains crucial before making any investment decisions
İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.