🔥 $SQD looking pretty interesting with this bullish breakout attempt going on
Current Trend Bullish breakout in progress.
Funding Rate: Deeply negative at around -0.87% – that means shorts are heavily positioned, which could spark a nasty short squeeze if buyers keep piling in.
*Volume: Saw a massive spike (over 1.6B) during the recent pump from ~0.058 to 0.072 – real buying pressure, not just fake volume.
*Money Flow: Short-term inflows are positive (5m: +63K, 15m: +350K+), while longer-term is still outflowing – feels like fresh speculative money coming in after the dip.
*Price Action $SQD :
Up ~22% so far, looking like a potential reversal after that long downtrend. We've got clear resistance around 0.058 (yesterday's high), and support holding at 0.041. Candles are showing accumulation vibes, with volume ramping up on the green candles.
*My Plan $SQD (cautious bullish, momentum play):
- Primary entry: Dip buy in the 0.045–0.047 zone if we pull back.
- Secondary: Breakout above 0.052 with solid volume confirmation.
- Stop-loss: 0.0438 for dip buy, 0.0502 for breakout.
- Targets:
- TP1: 0.055
- TP2: 0.058 (if we reclaim the high)
