【$SKR Signal】Bullish Breakout with Healthy Pullback

$SKR After a volume breakout on the 4H timeframe, the price consolidates sideways above the previous high resistance zone. This is a typical healthy reset after a breakout, not a top formation. Market depth shows buy orders significantly thicker than sell orders, and the funding rate remains negative, indicating that bearish sentiment has not dissipated, which is favorable for bulls to continue pushing higher.

🎯 Direction: Long

🎯 Entry: 0.02510 - 0.02533

🛑 Stop Loss: 0.02412 ( Rigid stop loss, below the low of the previous 4H candle )

🚀 Target 1: 0.02740

🚀 Target 2: 0.02900

Hardcore logic: After breaking the key level at 0.0248, there was no large-scale profit-taking. The 4H candles show a healthy structure of high-volume breakout followed by low-volume pullback. Currently, the price is consolidating above the breakout level, with the order book’s bid depth significantly stronger than ask, indicating solid support below. The negative funding rate adds an extra safety margin. The price action suggests a natural cooling after major funds entered. As long as the support zone at 0.0248-0.0250 holds, testing the previous high at 0.0274 and further expanding upward is the higher probability path.

Trade here 👇 $SKR

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‍#Gate广场创作者新春激励
#Is the current market bottoming out or just waiting on the sidelines?