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Gate ELSA Futures Trading Challenge is Now Live!
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【$SKR Signal】Short + Volume Breakout
$SKR Forms a breakdown structure after a volume-driven decline, with high open interest accompanied by a sharp price drop, indicating long liquidation or selling pressure from major players.
🎯 Direction: Short (Short)
🎯 Entry: 0.0315 - 0.0320
🛑 Stop Loss: 0.0345 (Rigid Stop Loss)
🚀 Target 1: 0.0280
🚀 Target 2: 0.0250
$SKR The daily decline is nearly 30%, with trading volume significantly expanding to 118 million, while open interest remains high. This combination of falling prices, increasing volume, and stable open interest is typical of a bearish dominant market, indicating the decline is driven by active selling rather than just long liquidation. The price has broken away from the original structure, with no clear support below, and market sentiment has shifted to panic. Any rebound will present a new shorting opportunity.
Trade 👇 here $SKR
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