【$SKL Signal】Negative funding rate short squeeze, 1H momentum continues

$SKL RSI has surged to 91.45. The 4H Bollinger upper band at 0.0052 has been effectively broken through. The current price 0.005755 is running below the 1H Bollinger upper band at 0.0060. A negative funding rate of -1.0546% combined with stable OI adds to the accumulation of pressure for short-side passive covering. The sell-side order book depth ratio is on the high side, but price hasn’t crashed—bulls’ resilience has been validated.
🎯 Direction: Go long
⚡ Entry/limit orders: 0.00573773 - 0.00575500
🛑 Stop loss: 0.00569745
🚀 Target 1: 0.00584132
🚀 Target 2: 0.00588449
🛡️ Trade management: - Execute strategy: After reaching Target 1, cut position by 50%, and move the stop loss up to breakeven. If price drops back to the entry zone, automatically exit to protect principal.
The current price is less than 1% from the stop loss. The risk-reward ratio is about 1.5, making it suitable for a small-stop-loss breakout acceleration play. If the price holds above 0.0057 before the funding rate turns positive, the short-squeeze logic still holds.
View live market 👇 $SKL
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