Okay. Nvm. I found the answer using the megaphone ingame.
So I will be listing what I found out here so other newbies with same questions see this, because I can't see this question being asked in the forums before. (correct me if im wrong)
So here's what I've found out:
(Last edited: June 1, 2017)
1. You will retain your path even you deleved.
2. Your stats will decrease because you deleved. (stats will be related to your new lvl)
From Orange:
3. The skill levels will stay the same.
From Orange:
4. You will still be able to use your equips (higher than your level) even you delevel but make sure you don't unequip items because you won't be able to equip them again until you make the required level again.
I also encourage everyone to correct these things if something is wrong or add more inputs and I'll edit this post. Thank You!
Atiqah's post in About Deleveling was marked as the answer