To be honest, don’t get fooled by superficial incremental gains. The real test is whether it can hold its ground. $SKR —back at the early session, that bearish candle slammed down; the four-hour structure immediately turned bad. The volume also matched very decisively. This isn’t random volatility—it’s capital actively exiting. We’ve been watching this level for more than a day. That low-volume rebound before the breakdown was basically a bull trap. Now the financing costs have dropped to a low level and the leverage has been largely cleared, yet the price hasn’t moved at all. This is the most honest language the chart can speak—nobody wants to take the other side. Our short thesis isn’t complicated: we’re watching the rebound strength get weaker each time, the lows get lower each time—this is a textbook downtrend continuation pattern.
What this kind of move fears most isn’t that it drops fast, but that it drags on in a messy way. If you see consecutive small bullish candles grinding the bottom, then you should be on alert for a fake breakout. But with the current structure, the bears control the tempo—when rebounds hit key resistance, they get pushed back, which shows overhead trapped positions are too heavy. Every pullback/retrorebound gives trapped longs a chance to get out, and it also gives us the reason to add. Someone asked whether incremental new money might suddenly enter and reverse the situation. I think one indicator is enough: after a selloff with volume expansion, a consolidation with reduced volume. If over the next two days we see a volume expansion with long lower wicks, then we’d need to re-evaluate. Until then, just follow the trend—don’t try to argue with the market.
When you calculate the risk-reward ratio, chasing a short isn’t at a high point right now, but the follow-through liquidation after the breakdown often slides more smoothly than you’d imagine. What we care about most is position management and timing—not the exact top or bottom. The market is always changing, but structure never lies.
Gaze at the vastness of mountains and seas; observe the market’s smallest tells.
Walk with Uncle Xiong and witness the ups and downs of profit and loss.
#SKR
Click below to trade 👇
What this kind of move fears most isn’t that it drops fast, but that it drags on in a messy way. If you see consecutive small bullish candles grinding the bottom, then you should be on alert for a fake breakout. But with the current structure, the bears control the tempo—when rebounds hit key resistance, they get pushed back, which shows overhead trapped positions are too heavy. Every pullback/retrorebound gives trapped longs a chance to get out, and it also gives us the reason to add. Someone asked whether incremental new money might suddenly enter and reverse the situation. I think one indicator is enough: after a selloff with volume expansion, a consolidation with reduced volume. If over the next two days we see a volume expansion with long lower wicks, then we’d need to re-evaluate. Until then, just follow the trend—don’t try to argue with the market.
When you calculate the risk-reward ratio, chasing a short isn’t at a high point right now, but the follow-through liquidation after the breakdown often slides more smoothly than you’d imagine. What we care about most is position management and timing—not the exact top or bottom. The market is always changing, but structure never lies.
Gaze at the vastness of mountains and seas; observe the market’s smallest tells.
Walk with Uncle Xiong and witness the ups and downs of profit and loss.
#SKR
Click below to trade 👇