【$SKR Signal】Pullback with 1H Overbought + 4H Bullish Trend

$SKR 1H RSI skyrocketed to 84.75, indicating clear signs of buying exhaustion, but deep sell orders account for 35%, and bulls and bears are in fierce competition.
Strategically, the price has already surged significantly to around 0.02, making chasing high risky. A more prudent approach is to wait for a deep pullback, placing a long order near 0.016333, which is the resonance zone of the 4H EMA20 and the 1H lower band.
Set the stop loss at 0.016019; if it breaks below, the trend weakens.
Initial target is 0.020029, reduce half the position upon reaching it, then look at 0.020109.
Note the negative funding rate of -0.794%, indicating crowded shorts; a rebound could trigger a short squeeze, but with RSI overbought, a pullback is highly probable, and the risk-reward ratio is very favorable.

🎯Direction: Long (Place order)

⚡Entry/Order: Place a long order at 0.016333

🛑Stop loss: 0.016019

🚀Target 1: 0.020029

🚀Target 2: 0.020109

🛡️Trade management:
- After reaching Target 1, reduce position by 50% and move the stop loss to break-even.
- If the price falls back to the entry level, automatically exit to protect capital.

Depth logic: 4H MACD bullish momentum is expanding, but 1H MACD bars are contracting, indicating short-term buying strength weakening.
RSI is overbought on both timeframes, signaling a strong pullback demand.
Orders are placed in low-liquidity zones; once filled, the stop loss is very tight, with a risk-reward ratio exceeding 11 times, waiting for a trend reversal.

Check real-time market 👇 $SKR
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