$SKL Going long | Negative funding rate liquidation squeeze expected + 4H momentum continuation


$SKL 4H RSI surged to 91.45, the 1H MACD histogram began to shorten, and volume is declining at high levels. Order-book imbalance -15.68%, with sell pressure slightly dominant, but the extreme negative funding rate of -1.0546% means short positions are densely concentrated. Low funding rate combined with stable OI suggests a potential liquidation-squeeze structure is taking shape.
🎯Direction: Long
⚡Entry/limit orders: 0.00573773 - 0.00575500
🛑Stop loss: 0.00569745
🚀Target 1: 0.00584132
🚀Target 2: 0.00588449
🛡️ Trade management: - Execution strategy: After reaching target 1, cut 50% of the position, and move the stop loss up to breakeven. If price drops back to the entry area, automatically exit to protect principal.
Risk of chasing long in the overbought zone is not low, but shorts being forced to liquidate under a negative funding rate often triggers a sharp pump, and the risk-reward ratio is still acceptable.
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