【$SKL Signal】Short squeeze structure, pullback is a buy signal

$SKL The 4-hour chart price has broken out of the Bollinger upper band, and the 1-hour RSI has surged to 79, indicating overbought momentum. However, the funding rate is -0.73% and open interest remains stable, suggesting short positions are being squeezed. There are thick orders below in the 0.00686 to 0.00684 range, with over 20 million coins supporting the bottom, which is a typical short squeeze buildup.

🎯Direction: Long

⚡Entry/Orders: Layered entries between 0.00637 and 0.00621

🛑Stop loss: 0.00610

🚀Target 1: 0.00744

🚀Target 2: 0.00798

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

The 1-hour MACD shows shrinking red bars, but the fast and slow lines are still above the zero line, indicating a strong consolidation. Market depth data shows buy orders far exceed sell orders, with an imbalance rate over 10%, fully exposing the fund support intent. In this negative funding rate environment, prices refuse to deepen the correction, often a prelude to a short squeeze. The risk-reward ratio exceeds 4, making it worthwhile to use a smaller position to attempt an upward pulse.

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