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【$SKL Signal】Long + Bullish continuation on 1H
$SKL Bollinger Band upper rail 0.0041 repeatedly pierced, 4H MACD bullish bars expanding. Order book selling pressure quickly absorbed, depth imbalance 8.84% indicates aggressive buyers. RSI 1H 79.43 but no divergence, funding rate -0.2443% indicates extreme cost for shorts. Short-term momentum not exhausted.
🎯 Direction: long
⚡ Entry/limit order: 0.00405081 - 0.00406300
🛑 Stop loss: 0.00402237
🚀 Target 1: 0.00412394
🚀 Target 2: 0.00415442
🛡 Trade management:
- Execution strategy: After reaching target 1, reduce position by 50% and move stop loss to breakeven level. If price falls back to entry level, exit automatically to protect principal.
Logic in depth: OI stable, buying remains dominant. This combination of extremely deep negative funding rate + price holding firm has historically tended to trigger short squeezes. RSI high but no bearish divergence, indicating funds still flowing in rather than distributing. Reward/risk ratio 1.5, acceptable in current high-volatility environment, but near target 2 watch for a spike and pullback.
Check real-time market 👇 $SKL
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