$SKL Signal: long · Negative funding rate squeeze + 1H breakout
$SKL Funding rate -1.814%, shorts have high holding costs. The 4H MACD histogram starts to contract, but the price is still trading above the Bollinger upper band at 0.0054. 1H RSI 63, bids have not clearly backed off. Strong support is forming around 0.0053 below. Order book depth imbalance -0.6%, with limited sell pressure. With this negative funding rate, price can stay elevated, and short covering momentum is building.
🎯Direction: long
⚡Entry/limit orders: 0.0053439 - 0.0053600
🛑Stop loss: 0.0053064
🚀Target 1: 0.0054404
🚀T