$SKL Signal】Bulls in pursuit: RSI in the extreme zone + negative funding-rate support, breaking the upper band to press higher

$SKL 1H RSI 89.52，4H 92.04, both are in the extremely overbought zone. The Bollinger Band upper rail at 0.0053 has been broken; the current price 0.005558 is trading above the upper rail. The negative funding rate -0.76% combined with stable OI provides steady support; the shorts are being continuously squeezed.
🎯Direction: long
⚡Entry/Orders: 0.00554133 - 0.00555800
🛑Stop loss: 0.00550242
🚀Target 1: 0.00564137
🚀Target 2: 0.00568306
🛡️Trade management:
- Execution strategy: After reaching Target 1, cut exposure by 50% and move the stop loss up to breakeven. If price drops back to the entry level, exit automatically to protect principal.
At this high level, the long trade’s profit-to-loss ratio is 1.5. The price is being held up by an extremely deep negative funding rate; once a heavy sell-off hits, it could trigger a head-cut liquidation. But right now, the current Bid/Ask depth ratio is 1.14, with solid downside follow-through—short-term capital is still pushing the price higher.
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