SKL/USDT Triple Top Bearish Pattern! Back to the demand area.
💎 SKL has recently exhibited notable market dynamics, experiencing rejection once again upon encountering strong resistance.
💎The chart pattern formed resembles a triple top pattern, indicating a potential reversal in price direction towards the downside.
💎 It's likely that SKL will retreat to the demand area to gather momentum for another attempt at breaking through the strong resistance zone towards our target area.
💎 However, if SKL fails to find support upon reaching the demand area, resulting in a breakdown below this level, it confirms the triple-top pattern and signals further downward movement.
💎 In such a scenario, the price may continue its descent towards the Bullish Order Block (OB) area or even lower levels.
💎The chart pattern formed resembles a triple top pattern, indicating a potential reversal in price direction towards the downside.
💎 It's likely that SKL will retreat to the demand area to gather momentum for another attempt at breaking through the strong resistance zone towards our target area.
💎 However, if SKL fails to find support upon reaching the demand area, resulting in a breakdown below this level, it confirms the triple-top pattern and signals further downward movement.
💎 In such a scenario, the price may continue its descent towards the Bullish Order Block (OB) area or even lower levels.
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Follow a team of traders with 10+ years of experience?
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🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV