$SKDD 24h up 3.92%, price 10.34, funding rate -0.00139776, shorts pay longs. Old dog believes this is crowded shorts being squeezed out, not new money chasing highs. Negative funding rate means shorts are holding the position; every tick higher in price is forcing them to close shorts. My move: keep funding rate negative and have price hold at 10.34; go long with a light position and don’t chase. If the funding rate turns positive or the rise gives back to below 0, I’ll撤. The invalidation condition is the shorts’ surrender signal—funding rate turns positive and price stalls.

Trading tag: #BinanceFutures #TradFi #USDⓈM #SKDD #SKDDUSDT $SKDD