【$SKL Signal】Pullback to go long, short squeeze structure begins to emerge

$SKL 1H level pullback to EMA20 support, first pullback above zero line after 4H MACD bullish crossover. The order book below 0.0070 is very thick, indicating clear capital support.

🎯Direction: Long

⚡Entry/Order: 0.00660 - 0.00677

🛑Stop Loss: 0.00640

🚀Target 1: 0.00823

🚀Target 2: 0.00896

🛡️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 to the entry level, automatically exit to protect capital.

Negative funding rate as high as -0.16%, but trading volume remains stable, and the price has not collapsed. This is a typical sign of a short squeeze. The 1-hour RSI has healthily pulled back from above 70 without entering overbought territory, preparing for another rally. The 4-hour Bollinger Band middle line at 0.0062 provides strong support, with buy orders heavily concentrated in the 0.0070-0.0071 range, fueling short covering. Under this structure, once the price stabilizes above 0.0072, selling pressure above will be quickly absorbed.

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