🚨🧨🔥🔥🔥$SKR Let’s talk about the funding/market sentiment here—this SKR move is playing it way too aggressively.
In 24 hours it doubled straight away.
💥💥💥 It pushed up to 0.0348, pierced through, and then immediately got slammed down. The longs who chased higher got cleaned out in one wave.
💥💥💥💥The liquidation data on the order book is definitely substantial. Outside, a bunch of people are still shouting to keep pushing, but the trading volume can’t keep up anymore.
Entry: 🚫short around 0.0302
Take profit: 💵0.0220
Stop loss: 🚷0.0352
💥💥💥Right now the long positions are stacked very full, and the public opinion is entirely bullish. With this kind of heat, it’s very easy for another dumping wave to come and harvest liquidity—don’t let market sentiment drag your brain along.
$SKR
In 24 hours it doubled straight away.
💥💥💥 It pushed up to 0.0348, pierced through, and then immediately got slammed down. The longs who chased higher got cleaned out in one wave.
💥💥💥💥The liquidation data on the order book is definitely substantial. Outside, a bunch of people are still shouting to keep pushing, but the trading volume can’t keep up anymore.
Entry: 🚫short around 0.0302
Take profit: 💵0.0220
Stop loss: 🚷0.0352
💥💥💥Right now the long positions are stacked very full, and the public opinion is entirely bullish. With this kind of heat, it’s very easy for another dumping wave to come and harvest liquidity—don’t let market sentiment drag your brain along.
$SKR
