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【$SKL Signal】Negative funding squeezes + 1H pullback support
$SKL 1H MACD bearish crossover expanding, but price has not broken 0.0051. Bids are densely placed around 0.005189, with the RSI retracing to 59 and stabilizing. On 4H, the Bollinger Band midline at 0.0040 remains a distant support; after a spike and pullback on reduced volume, bearish momentum has weakened.
🎯 Direction: Go long
⚡ Entry / Orders: 0.005189 - 0.005205
🛑 Stop loss: 0.00494475
🚀 Target 1: 0.00559538
🚀 Target 2: 0.00579056
🛡️ Trade management: - Execute strategy: After reaching target 1, reduce the position by 50% and move the stop loss up to breakeven. If price drops back to the entry level, automatically exit to protect principal.
Negative funding -1.12% and stable OI form a typical squeeze condition. Current reward-to-risk ratio is 1.5; for the short term, the probability of going long on a pullback is higher.
View live market 👇 $SKL
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