$SKL Signal】1H pullback followed by more + negative funding liquid short-squeeze opportunity


$SKL 1H MACD dead cross confirmed, and the price retraced to around 0.00514. Funding rate is -1.9253%, short positions’ cost remains high, and OI stays stable. Order book depth shows dense limit orders around 0.00512, with the buy side actively absorbing. 4H long momentum has weakened but the direction hasn’t broken; the pullback is seen as the prelude to squeezing shorts.
🎯 Direction: long
⚡ Entry / orders: 0.00512558 - 0.00514100
🛑 Stop loss: 0.00488395
🚀 Target 1: 0.00552657
🚀 Target 2: 0.00571936
🛡️ Trade management: - Strategy execution: after reaching target 1, cut position size by 50%, and move the stop loss up to breakeven. If price falls back to the entry level, auto-exit to protect principal.
Current price is near the order zone; the short-covering pressure under negative funding has not been fully released yet, and the risk-reward ratio is reasonable.
View real-time chart 👇 $SKL
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