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【$SKR Signal】Multiple retracements, negative funding rate support
RSI 70.79, 4H MACD bullish momentum weakening, but funding rate -0.194% indicates excessive short crowding.
Price has pulled back from the high of 0.0221, open interest stable, buying support dense around 0.017.
This long position is placed with a Buy Limit at 0.0172-0.0174. 🛑 Stop loss at 0.016418, 🚀 Target 1 at 0.018868, 🚀 Target 2 at 0.019685.
Under negative funding rate structure, chasing shorts carries high risk; retracing and going long is a better risk-reward choice.
Reduce 50% of position upon reaching Target 1, move stop loss to entry point, and hold the remaining position for Target 2.
Check real-time market quotes 👇 $SKR
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