$SKR
The official launched Seeker Summer Round 4 for claiming. You get 30M SKR into your wallet. The price action is basically being driven straight by the news—didn't see any other narrative. After the claim, selling pressure comes as normal; don't treat a needle (wick) as the main uptrend.
A few days ago it churned in the 0.0075–0.0085 range for a full three days, and volume was dead. Yesterday it suddenly spiked up, with the wick piercing as high as 0.012666.
Typical news pulse: no volume at the bottom → one volume candle breaks through all moving averages → very long upper shadow → distribution starts at the high.
Now it’s pulled back to around 0.0107, having given back about 40% of this pulse, hovering near the 0.382 retracement area. Volume has already dropped versus when it topped, but during this pullback there’s still成交 (trading), unlike a healthy pullback where you’d see decreasing volume and no heavy selling candles.
Structurally, after breaking the prior consolidation range, it hasn’t yet turned 0.0100–0.0102 into a new bottom. That long upper-wick candle at 0.01266 is still capping it. In the short term it looks more like a spike-and-retrace, not the second wave that’s about to start.
Personal plan: short.
Don’t chase a short at current price—wait for a retracement.
Entry: short in batches at 0.0113–0.0116; main position around 0.0115.
Stop loss: 0.01295 (it must allow room above the prior high wick at 0.012666—don’t set something like 0.0123 that’ll get swept and stop you out uselessly).
Take profit: first target 0.00950, sell 40%; second target 0.00820, sell another 40% (back to the top edge of the initiation platform); the remaining 20% depends on whether it revisits the prior low at 0.00755—if it breaks out and goes down to 0.0068, that’s an extreme target, and you can take it.
Don’t go all-in on position sizing. This coin can swing 20%+ back and forth in a single day. The stop loss is set with enough room so there’s space to breathe—not to add leverage and force the trade.
If it breaks below 0.0102, the short is more stable. If there’s volume and it reclaims 0.0120 and closes firmly above it, then just admit defeat—don’t hold on and fight.
After the news is priced in, with charts like this, treat it first as the end of the pulse.
The official launched Seeker Summer Round 4 for claiming. You get 30M SKR into your wallet. The price action is basically being driven straight by the news—didn't see any other narrative. After the claim, selling pressure comes as normal; don't treat a needle (wick) as the main uptrend.
A few days ago it churned in the 0.0075–0.0085 range for a full three days, and volume was dead. Yesterday it suddenly spiked up, with the wick piercing as high as 0.012666.
Typical news pulse: no volume at the bottom → one volume candle breaks through all moving averages → very long upper shadow → distribution starts at the high.
Now it’s pulled back to around 0.0107, having given back about 40% of this pulse, hovering near the 0.382 retracement area. Volume has already dropped versus when it topped, but during this pullback there’s still成交 (trading), unlike a healthy pullback where you’d see decreasing volume and no heavy selling candles.
Structurally, after breaking the prior consolidation range, it hasn’t yet turned 0.0100–0.0102 into a new bottom. That long upper-wick candle at 0.01266 is still capping it. In the short term it looks more like a spike-and-retrace, not the second wave that’s about to start.
Personal plan: short.
Don’t chase a short at current price—wait for a retracement.
Entry: short in batches at 0.0113–0.0116; main position around 0.0115.
Stop loss: 0.01295 (it must allow room above the prior high wick at 0.012666—don’t set something like 0.0123 that’ll get swept and stop you out uselessly).
Take profit: first target 0.00950, sell 40%; second target 0.00820, sell another 40% (back to the top edge of the initiation platform); the remaining 20% depends on whether it revisits the prior low at 0.00755—if it breaks out and goes down to 0.0068, that’s an extreme target, and you can take it.
Don’t go all-in on position sizing. This coin can swing 20%+ back and forth in a single day. The stop loss is set with enough room so there’s space to breathe—not to add leverage and force the trade.
If it breaks below 0.0102, the short is more stable. If there’s volume and it reclaims 0.0120 and closes firmly above it, then just admit defeat—don’t hold on and fight.
After the news is priced in, with charts like this, treat it first as the end of the pulse.