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【$SKR Signal】Long | Healthy Pullback After Volume Breakout
$SKR On the 4-hour chart, after a volume breakout above the previous high, the price is consolidating at a high level in the 0.0204-0.0205 range. This is a typical healthy pullback after a breakout, with buying pressure continuously absorbing selling pressure at key support levels. The negative funding rate indicates that bears are still resisting, providing fuel for subsequent short squeezing.
🎯 Direction: Long
🎯 Entry: 0.02033 - 0.02040
🛑 Stop Loss: 0.01995 ( Rigid stop loss, below the low of the previous 4-hour candle )
🚀 Target 1: 0.02200
🚀 Target 2: 0.02350
Hardcore logic: The 4-hour candles show three consecutive volume-increasing bullish candles breaking through a key resistance zone (0.0187). The last candle has a large real body, indicating institutional funds are entering. Currently, the price is consolidating above the breakout level, with order book depth showing very thin sell pressure (small ask volume), while buy support below is dense. The negative funding rate combined with strong price rally forms a typical “short squeeze fuel” structure. The price did not experience a deep correction during the first pullback after the breakout, indicating selling pressure is exhausted and bulls are in control. As long as the price holds above the 0.0200 psychological level and the upper boundary of the breakout zone, the upward momentum is highly likely to continue.
Trade here 👇 $SKR
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#Gate广场创作者新春激励
#Is the current market bottoming out or just waiting and watching?