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$SKR Signal】Multiple retracements, negative funding rate support
RSI 70.79, 4H MACD bullish momentum weakening, but funding rate -0.194% exposes excessive short crowding.
Price retraced from the high of 0.0221, OI stable, buying interest densely supported around 0.017.
This long position, place Buy Limit orders in the 0.0172-0.0174 range. 🛑 Stop loss at 0.016418, 🚀 Target 1 at 0.018868, 🚀 Target 2 at 0.019685.
Under negative funding rate structure, the risk of chasing shorts is very high; retracing to go long is a more favorable risk-reward choice.
Reduce 50% at Target 1, move st