Bullish momentum is building in $SKL , watch for a potential breakout
As long as $SKL stays above the support level of 0.0034, it looks primed for a leg up towards the resistance level of 0.0064, given the strong uptrend and rising volume
SMA7 is above SMA25, close is above both SMA7 and SMA25, volume is rising over the last 5 bars
A daily close under 0.0034 breaks this setup and would be a sign to reevaluate the trade
Watching $TAO for a potential breakout from its current range
As long as $TAO stays above its recent swing low and the SMA7 holds, it looks primed for a leg up towards resistance at 291.60, given the bullish trend and momentum indicators
SMA7 is above the current price, 10-bar trend is bullish, last candle is bullish
A daily close under 195.70 breaks this setup and invalidates the long thesis
Are you buying this dip on $TAO or waiting for a clearer breakout signal?
As long as $XPL stays below the SMA7, it looks primed for a move down towards the support level, with a potential short opportunity emerging if it fails to hold above 0.0900.
Close below SMA7 and SMA25, bearish last candle, volume is flat/falling
A daily close above 0.1000 breaks this setup and potentially reverses the short-term trend
Are you shorting $XPL on a break of the recent lows?