$SKHY 24 hours dropped 4.576%, and the price is stuck at 181.84. The funding rate is -0.00081143, meaning shorts are currently paying longs.
The shorts are piled up a bit too much, and the price is still being smashed lower. This kind of setup can easily force a rebound. But the trend hasn’t broken—short momentum is still there.
Strongest argument on the other side: the funding rate is deeply negative, shorts are crowded, and they could get squeezed at any moment. If the price suddenly rebounds above 185, shorts may collectively bail out.
Who will hurt next? If the shorts that chased short positions get squeezed, they’ll have to cut and push the price higher, and they’ll have to absorb the cost.
My call is to continue looking short, but control position size. Direction: short; Leverage: 3x; Stop-loss: 185; Take-profit: 170; Position size: 20%.
If price truly breaks above 185, don’t hold—just exit immediately.
Trading tag: #TradFi #链上美股 #SKHY
Where do you think this set of judgments is most likely to be wrong?
The shorts are piled up a bit too much, and the price is still being smashed lower. This kind of setup can easily force a rebound. But the trend hasn’t broken—short momentum is still there.
Strongest argument on the other side: the funding rate is deeply negative, shorts are crowded, and they could get squeezed at any moment. If the price suddenly rebounds above 185, shorts may collectively bail out.
Who will hurt next? If the shorts that chased short positions get squeezed, they’ll have to cut and push the price higher, and they’ll have to absorb the cost.
My call is to continue looking short, but control position size. Direction: short; Leverage: 3x; Stop-loss: 185; Take-profit: 170; Position size: 20%.
If price truly breaks above 185, don’t hold—just exit immediately.
Trading tag: #TradFi #链上美股 #SKHY
Where do you think this set of judgments is most likely to be wrong?