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【$SKL Signal】Pullback to add long positions, capital support intentions exposed
$SKL The 4-hour chart shows the price breaking above the upper Bollinger Band, with the 1-hour chart repeatedly testing around 0.0069. The order book is rapidly canceling orders, but there is a thick wall of orders below 0.0068, exceeding 20 million coins, fully revealing the capital support intention. The negative fee rate is as high as -0.39%, putting enormous cost pressure on short positions.
🎯Direction: Long
⚡Entry/Order placement: Layered entries in the 0.00640 - 0.00657 range
🛑Stop loss: 0.00630
🚀Target 1: 0.00763
🚀Target 2: 0.00817
🛡️Trading management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
Position size remains stable, with no large-scale exits during the price rally. Although the 1-hour MACD momentum bars are shrinking, the dual lines are still above the zero line, indicating a healthy correction. The buy depth from 0.0068 to 0.0062 is far greater than the sell depth, with an imbalance ratio close to 1.8:1, showing strong absorption capacity. Under this structure, deep declines are unlikely, and pullbacks are opportunities. The risk-reward ratio exceeds 4, making this layered entry highly favorable.
Check real-time market 👇 $SKL
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