【$SKR Signal】Pullback to go long! 1H level strongly retesting confirmation, main force clearly intends to defend the market

$SKR At the 1H level, after a historically explosive rally, a healthy pullback is underway, with the current price finding initial support near the 1H EMA20 (0.0205). The 4H level, with a massive bullish candle, has established a short-term bullish pattern, despite the latest 4H candle closing bearish, which is normal digestion of extreme gains. The key point is: after a huge surge, open interest remains stable, and the funding rate is as high as -1.53%, indicating strong short squeeze expectations. The order book shows concentrated buy orders and dispersed sell pressure, with clear signs of main force defending the market.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0225 - 0.0227 (Reason: 1H EMA20 support zone & first consolidation platform after explosive rally )

🛑Stop loss: 0.0218 (Reason: Break below 1H EMA50 support & below previous low 0.0221 )

🚀Target 1: 0.0248 (Reason: Previous high resistance & 1H Fibonacci 0.382 retracement level )

🚀Target 2: 0.0265 (Reason: Historical high resistance & 1.618 extension level )

🛡️Trade management:

- Position suggestion: Light position (Reason: Extremely high volatility, daily amplitude over 30%, risks and opportunities coexist )

- Execution strategy: Use phased take profits. After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If the price strongly breaks through 0.0248 and stabilizes, consider targeting the remaining position towards 0.0265.

Depth logic: This is a typical technical correction after a “short squeeze” rally. Massive volume (over 4.1 billion in 4H total volume) indicates large institutional participation rather than retail FOMO. Open interest remains stable during the price pullback, showing that long positions have not exited en masse. The extreme negative funding rate (-1.53%) forces shorts to pay continuously, and once the price resumes upward, short covering will accelerate the rally. The 1H RSI (62.83) has retreated from overbought territory to a healthy zone, preparing for further upward movement. The order book shows dense buy orders below 0.0227, forming a strong support zone.

View real-time market 👇 $SKR

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