$SKHY Signal】Go long — negative funding rate + 1H break above the mid band, waiting for volume confirmation

$SKHY RSI 1H 67.83, MACD histogram continues to shrink, bullish momentum is weakening. On 4H, the upper band of the Bollinger band at 188.67 forms resistance; the current price 186.16 is trading just above the mid band. Order book depth sell pressure is -19.93%, Bid/Ask is 0.67. The lower-side bid replenishment looks weak, but the funding rate is -0.0864%, indicating short positions’ cost continues to accumulate. Buy orders have repeatedly been absorbed around 184, so short-term support is effective.
🎯 Direction: Go long
⚡ Entry/limit orders: 185.6015 - 186.1600
🛑 Stop loss: 176.8520
🚀 Target 1: 200.1220
🚀 Target 2: 207.1030
🛡️ Trade management:
- After reaching Target 1, reduce position by 50% and move the stop loss up to break-even. If price falls back into the entry zone, exit proactively.
Although the funding rate is negative but price has not dropped, short positions are crowded; once a wick pushes through and the bids are filled, short-squeeze momentum may be released. However, MACD volume contraction suggests chasing should be cautious; the risk-reward ratio at 1.5 is within a reasonable range.
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