$SQD Short Setup — Momentum Fading

$SQD is showing clear weakness as buyers fail to defend recent bounce levels.

SQDBSC
SQDUSDT
0.0763
-4.27%

After a brief relief move, price stalled under resistance and volume dried up — classic distribution behavior. Structure remains bearish with lower highs intact, suggesting sellers are still in control. If BTC stays flat or pulls back, $SQD is vulnerable to another leg down as liquidity hunts below recent lows. No strong catalyst is visible to flip sentiment in the short term. Risk stays elevated while price trades below key moving averages. This setup favors patience and tight risk management rather than hope. $SQD

#crypto #altcoins #futures #trading #bearish