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$SKR Signal | Waiting for more callbacks, negative fee rate support
$SKR Funding rate -0.7166%, bears continue to pay rent, but the 1H MACD histogram begins to shrink, RSI at 75.5 is in a high-level dull zone. The 4H bullish trend remains unbroken, the upper Bollinger Band at 0.0185 has been broken out with increased volume, buy depth at 1.12 provides support, but the buy-sell ratio is only 0.46, indicating active selling pressure is not light.
🎯 Going long on the direction, but the current price of 0.0191 is not suitable for chasing. Wait for a pullback to place an order at 0.016232, 🛑 stop loss at 0.016019, 🚀 first target at 0.019123, take half profit at the target and move the stop loss to break-even, 🚀 second target at 0.019199. This risk-reward ratio is close to 1:18, worth waiting. The 4H MA20 around 0.0162 provides strong support, if the pullback can hold, there is still upward momentum afterward.
Check real-time market 👇 $SKR
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