【$SKL Signal】Pullback to add longs, short squeeze structure begins to form

$SKL 1H timeframe rallies then pulls back, the price has moved away from the upper Bollinger Band, RSI has fallen from 77 to around 70. The 4-hour MACD has a bullish crossover with continuous increasing volume, and the price is strongly above all moving averages.

🎯Direction: Long

⚡Entry/Order: 0.00601 - 0.00617

🛑Stop Loss: 0.00600

🚀Target 1: 0.00684

🚀Target 2: 0.00718

🛡️Trade 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.

Order book depth shows very thick buy orders in the 0.0066 to 0.0067 range, forming a dense support zone. Open interest remains stable, but the funding rate is as high as -1.16%, putting significant cost pressure on short positions. In this negative funding rate environment, as long as the price does not break key support, it is very likely to trigger a short squeeze. The 1-hour volume shrank after the rally, indicating a healthy pullback, waiting for a retest of the moving average structure for confirmation.

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