I’m watching $SQD as it pulls back after the recent upward move. This correction is healthy — it’s giving the market time to consolidate and shake out short-term traders, which helps build a stronger foundation for the next leg up.

For this setup, I’m tracking a long liquidation around $1.6101K, with entry near $0.06627. This zone feels strong because it coincides with previous support from earlier swings and sits near the 0.618 Fibonacci retracement of the last bullish move. Price has reacted here before, and if this level holds, it could act as a solid springboard for continuation.

Trade Setup:

Entry Zone: $0.0662–$0.0664

Target 1: $0.0675 — the first reaction area from prior buyers

Target 2: $0.0685 — a deeper resistance level from earlier consolidation

Stop Loss: $0.0658 — below the recent swing low

They’re building strength around this zone, and I’m watching how price responds. If the entry area holds, it offers a favorable risk-to-reward, and a bounce from here could confirm renewed buying pressure.