$SQD Long Liquidation: $2.6424K at $0.06647
Long traders were caught as SQD failed to hold above short-term support and rolled over sharply. Buyers expected continuation after the recent push, but sell pressure stepped in fast, triggering stop losses and forcing longs to exit. Liquidity below the range was taken cleanly, signaling short-term control shifted back to sellers.
Entry (EP): $0.06710
Take Profit (TP): $0.06380
Stop Loss (SL): $0.06920
Market Outlook:
$SQD is under short-term bearish pressure after losing the liquidation level. If price remains below this zone, further downside or choppy consolidation is likely. Bulls will need a strong reclaim with volume to regain momentum. Trade patiently and manage risk with strict discipline.
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