$SQD is going through a healthy correction after the recent rally, which allows the market to consolidate and remove weaker positions. Pullbacks like this help build a stronger foundation for the next upward move.
Trade Setup:
Entry Zone: $0.0468 – $0.0472
Target 1: $0.048
Target 2: $0.049
Stop Loss: $0.046
I’m watching this zone closely because it aligns with previous support around $0.047 and coincides with the 0.618 Fibonacci retracement of the recent swing. They’re building strength here, and if this level holds, SQD could rebound toward the targets.
$1.4166K worth of shorts were liquidated at $0.04701, signaling strong buying support and reinforcing this key area.
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SQDUSDT
Perp
0.04559
-1.55%
