based on this latest Visual Screener (24H Price Change vs OI Change), here's a fresh coin recommendation to consider for a potential long setup:
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โ
Top Pick: SKATE
๐ Justification:
๐ Price up ~35% โ Strong bullish move.
๐ผ OI (Open Interest) steady or flat โ Indicates price rally is driven by spot buying, not excessive leverage (good sign of organic interest).
๐ Positioned in "Shorts Closing" quadrant โ Indicates sellers are likely getting squeezed or exiting โ this can often lead to continuation momentum.
๐ง Quick Technical Summary
โ
Price Action: Breakout from consolidation zone (above MA99), signaling bullish momentum.
๐ MA Crossover: MA(7) > MA(25) > MA(99) โ very bullish short-term trend.
๐ MACD: Bullish crossover, histogram showing positive momentum.
๐ RSI(6): 58.76 โ still has room before being overbought.
๐ Volume: Recent spike shows strong breakout confirmation.
๐ Stoch RSI: Oversold โ potential for another upward wave soon.
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๐ฏ Trade Plan for SKATEUSDT (1H)
Element Value / Level Notes
Entry (Buy) $0.04500 โ $0.04650
Stop Loss $0.04200
Take Profit 1 $0.05200
Take Profit 2 $0.05800
Take Profit 3 $0.07000
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๐ช Risk Management
๐ข Risk-Reward Ratio: ~1:2.5 (very favorable)
๐ผ Position Sizing: Use only 1โ2% of total capital per trade risk.
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๐งญ Additional Tips
๐จ If price breaks and closes below $0.042 on 1H with volume, exit early.
๐ข You can add on pullbacks if price respects the 7/25 MA lines.
๐ Watch volume โ breakout continuation requires rising volume.
$SKATE