【$SKR Signal】Long | Healthy Pullback After Explosive Breakout

After completing a massive breakout on the 4-hour chart, the price is now consolidating and cooling off at higher levels. The price is supported by the upper part of the bullish candle, which indicates a healthy reset after a strong breakout, not a top-selling.

🎯 Direction: Long

🎯 Entry: 0.02145 - 0.02173

🛑 Stop Loss: 0.02040 $SKR Rigid stop loss, below the previous consolidation low (

🚀 Target 1: 0.02514 ) Test previous high (

🚀 Target 2: 0.02670 ) Measure the extension of the rally (

Logical core: The 4H candlestick shows a massive (1.17 billion) long bullish candle completing a key breakout, followed by two smaller candles with reduced volume during the pullback, with lows not touching the middle of the bullish candle body (0.02145), indicating exhausted selling pressure. Funding rates remain negative, favoring long positions and avoiding excessive euphoria. Market depth shows dense buy orders around 0.02173. This structure is a typical “breakout - pullback - confirmation” pattern. As long as the price stays above the breakout zone, the upward path is highly probable.

Trade here 👇 )
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#Is the current market bottoming or just waiting?