【$SKL Signal】Pullback confirmation, bulls launch a second attack

$SKL 1H level pullback to EMA20 confirms support, price reclaims above 0.0072. The 4-hour Bollinger Bands are opening upward, with price moving below the upper band. The MACD fast and slow lines are above the zero line and converging, indicating bullish momentum is building. The order book shows heavy buy orders below 0.0071, clearly indicating strong support from buyers.

🎯Direction: Long

⚡Entry: Enter at the current price of 0.00725, or add on dips near 0.00715

🛑Stop Loss: 0.00697

🚀Target 1: 0.00755

🚀Target 2: 0.00785

🛡️Trade Management:
- Execution strategy: After the price reaches 0.00755, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for the second target. If the price retraces and falls below 0.00715, exit all positions.

Position size remains stable, and no large-scale exits occurred during price rallies, indicating strong bullish confidence. The 1-hour RSI hovers around 70, not yet in extreme overbought territory, leaving room for further upside. Negative funding rates are squeezing the shorts, increasing the likelihood of a short squeeze. The current risk-reward ratio is close to 4:1, making this trade highly attractive in terms of risk and reward.

View real-time market 👇 $SKL
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