【$SKL Signal】Go long | Funding rate -1.045% short squeeze ongoing

$SKL Funding rate -1.045%, shorts are carrying an extremely high position cost. The 1H Bollinger Band upper rail 0.0058 has already been pierced. MACD histogram is narrowing, but price hasn’t fallen—bulls clearly intend to defend. The 4H MACD is still expanding; 0.00609 shows heavy volume clustered at the high level, with active order-book buy-side absorption.

🎯 Direction: Go long

⚡ Entry / Place orders: 0.00569985 - 0.00571700

🛑 Stop loss: 0.00543115

🚀 Target 1: 0.00614577

🚀 Target 2: 0.00636016

🛡️ Trade management: - Execute strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to breakeven. If price drops back to the entry level, automatically exit to protect principal.

RSI on both 1H/4H is above 85, but the negative funding-rate “short squeeze” logic is stronger—short covering provides sustained buy pressure. Order book depth 0.99 is slightly neutral; it’s safer only if price holds above 0.0057. Current risk-reward ratio is 1:1.5—worth a shot.
View live market 👇 $SKL
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