【$SKR Signal】Long! 1H strong breakout, funding squeeze in progress

$SKR The 1H timeframe just broke above the previous high of 0.0265 with increased volume, creating a new intraday high, and momentum is extremely strong. A single massive bullish candle on the 4H chart confirms a reversal trend. Currently, after heavy turnover, the price is consolidating strongly, with a negative funding rate as high as -0.58%, indicating a strong expectation of a short squeeze. Open interest remains stable, and the price is holding firm, which is a typical sign of main force support, and short-term momentum has not yet waned.

🎯Direction: Long (Long)

🎯Entry/Order: Around the current price of 0.0263 or a pullback to the 0.0258-0.0260 zone (Reason: confirmation of a strong breakout after a pullback, supported by the 1H EMA20 support zone)

🛑Stop Loss: 0.0246 (Reason: breaking below the 1H massive candle low and EMA50 support)

🚀Target 1: 0.0285 (Reason: previous high resistance level)

🚀Target 2: 0.0305 (Reason: based on the 1.618 Fibonacci extension of the breakout structure)

🛡Trade Management:

- Position suggestion: Light position up to a standard lot (Reason: intraday gains are large, volatility is intense, risk must be controlled)

- Execution strategy: After reaching 0.0285 (Target 1), reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.0263. If the price fails to hold above 0.0265 and falls back into the entry zone, consider exiting early and observing.

Deep logic: The 4H candle's gain exceeds 35%, with explosive volume increase, which is typical of main force entry behavior. Although the 1H RSI(77.82) has entered overbought territory, in a squeeze market, overbought conditions can persist. Key is the order book; buy depth (Bid/Ask Ratio: 2.28) is significantly solid, indicating strong support below. The negative funding environment combined with rising prices creates enormous short covering pressure, which is the core fuel driving further upward movement.

View real-time quotes 👇 $SKR

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