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After experiencing a significant decline, $SKR is breaking down with increased volume, combined with high open interest, presenting a typical bullish liquidation pattern.
🎯 Direction: Short (Short)
🎯 Entry: 0.0295 - 0.0305
🛑 Stop Loss: 0.0320 (Rigid Stop Loss)
🚀 Target 1: 0.0260
🚀 Target 2: 0.0220
The daily drop exceeds 21%, with trading volume significantly expanding to around 90 million USD, while open interest remains high. This is a textbook weak structure of “price falling, open interest stable,” indicating that the decline is driven by active selling, with bulls passively absorbing the sell-off or being liquidated. The price has broken away from the main support zone, with no significant buy orders below, and market sentiment has shifted to panic selling. A rebound to the entry zone is a new shorting opportunity.
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