$SKL Signal: Buy on 1H pullback within the 4H uptrend


$SKL The 1H price fell from the 0.00615 high to around 0.00517. The 1H MACD forms a bearish cross and sell-volume momentum is building up. The 4H RSI is 72; the Bollinger Bands are opening upward, and the midline at 0.0039 provides strong support. Funding rate is -1.9253%; OI remains stable, suggesting potential for a short squeeze in the near term.
🎯 Direction: Long
⚡ Entry/Orders: 0.00512558 - 0.00514100
🛑 Stop-loss: 0.00488395
🚀 Target 1: 0.00552657
🚀 Target 2: 0.00571936
🛡️ Trade management:
- Execution plan: After reaching Target 1, reduce the position by 50% and move the stop-loss up to break-even. If the price drops back to the entry zone, automatically exit to protect principal.
The pullback-to-long logic is clear: the 4H trend hasn’t broken, the 1H pullback reaches the short-term support zone, and sell pressure has not been continuously amplified. The combination of a negative funding rate and stable OI implies bearish pressure. The risk-reward ratio at this level is reasonable—worth a try.
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