MyCryptoParadise

SKL/USDT Triple Top Bearish Pattern! Back to the demand area.

BINANCE:SKLUSDT   SKL / TetherUS
💎 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.

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