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【$SKR Signal】Negative fee rate short squeeze opportunity, wait for a pullback to go long
$SKR Funding rate -0.3263% extreme negative value, shorts continue to bleed, 1H MACD has shown a death cross but the 4H bullish trend has not broken, Bollinger upper band at 0.0202 short-term resistance. The order book buy depth is 1.13 times, with clear willingness to support below. 🎯 Wait for a pullback to the 0.01703-0.01993 range to lay in long positions, 🛑 set stop loss at 0.01632 uniformly, 🚀 target first at 0.02005, and after breaking, look towards 0.02013. Reduce position by 50% upon reaching the first target, move stop loss up to the entry price to protect principal. This extreme fee rate combined with strong support makes a short covering probability not low, and the risk-reward ratio is worth testing.
Check real-time market 👇 $SKR
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