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【$SKR Signal】Short + Volume Breakout
$SKR is experiencing a volume surge and a sharp decline, with a daily drop of over 22%. Combined with high open interest, this is a typical short squeeze and liquidation event, rather than a simple healthy correction.
🎯 Direction: Short (Short)
🎯 Entry: 0.0280 - 0.0285
🛑 Stop Loss: 0.0300 ( Rigid stop loss, breaking this level invalidates the downward structure )
🚀 Target 1: 0.0250
🚀 Target 2: 0.0220
$SKR Price drops sharply with massive volume, indicating a liquidation of longs based on market logic. Such level of selling is usually not a one-time event; panic selling and forced liquidations create sustained selling pressure. The price failed to rebound effectively after breaking key support, indicating buyer absorption has failed, and the market structure has shifted to a bearish dominance. Follow the trend and wait for the price to seek support in lower liquidity zones.
Trade 👇 $SKR
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