🚀 $SKR Long or Short? Strategy on the Table
On the 4H chart, price is sitting at a critical decision zone. Technical indicators are signaling potential moves in both directions, making this a true wait-and-react setup. Here’s the strategy breakdown:
🟢 Long Scenario (Bullish Reaction)
●Why? Stochastic RSI is currently in the oversold zone, showing early signs of a possible upward reversal.
●Entry: If price holds above the 0.02148$ key support, a bullish bounce may follow.
●Targets: 0.02660$ and 0.02868$ stand out as the first take-profit zones.
●Signal: A clear V-shaped recovery on lower indicators would strengthen the long bias.
🔴 Short Scenario (Bearish Pressure)
●Why? Persistent selling pressure from recent highs and distance from the Supertrend support (0.019$) keep downside risk alive.
●Entry: If the 0.02660$ resistance fails to break and a strong rejection candle appears, a short setup may be triggered.
●Target: A breakdown below 0.02148$ could accelerate a move toward the 0.019$ Supertrend level.
》Important Note
In leveraged (perpetual) trading, a stop-loss is mandatory, not optional. Current volatility is high enough to hunt stops on both sides.
Which side are you leaning toward?
☆Long or ☆ Short?