Brothers, I am Zhou Yi. Today when I opened my eyes, the group was flooded with SQD again! A towering pillar shot into the sky, a 30%-40% increase makes people blood boil, but rushing up so fast, are you also anxious: can I still chase now? Will it suddenly drop after stepping wrong?
The technical indicators have flashed a 'yellow light', overbought is a warning!
From the given chart, the price has surged to around 0.071, while the two iron tops above are glaringly hanging: 0.077 is the first pressure of the day, and 0.086 is a stronger resistance level. Is it possible to break through both barriers in one go? Difficult!
The more critical signals are: both RSI and MFI capital flow indicators have entered the 'overbought zone'. This means that the buying power has been excessively consumed in the short term, just like a spring that is too tightly compressed and may rebound at any time. Although MACD has a golden cross, the volume bars have started to fluctuate, indicating a divergence in upward momentum.
Therefore, I believe the possibility of directly breaking through 0.086 violently today is very small. The bigger scenario is: encountering strong selling pressure near 0.077, followed by a pullback for adjustment.
The news is a 'stimulant', but also a 'bewitching soup'
The good news is really awesome: the contracts that have not been closed within three days surged by 881%, with a trading volume exceeding 40 million dollars, which indicates that large funds and massive speculative positions have poured in. The story of 'AI + Web3 data' combined with a clear roadmap indeed has room for imagination.
But the bad news is: the rise is too rapid and too concentrated. The liquidity during holidays is already thin, and this kind of surge is more like 'consensus speculation' or 'leverage pushing', the foundation is not entirely solid. Once the follow-up buying power is weak, profit-taking will be very fierce.
Let me first state my core view: I still have faith in SQD for the medium to long term, but in the short term, today, there is a very high probability of a correction! Don’t rush into FOMO, opportunities arise from declines.
Zhou Yi's sincere advice to all players:
Spot players:
Absolutely do not chase the rise at this height! You are very likely to buy at the short-term peak.
The strategy is to 'wait for a pullback and buy in batches'. Focus on the support range of 0.058–0.068, if it stabilizes here after falling, you can layout in 2-3 batches. Treat 0.046 as a lifeline; if it falls below, strict stop-loss must be implemented.
Remember, your advantage is time, don’t use spot trading to gamble on short-term fluctuations.
Contract players:
The current position is absolutely not suitable for going long, the cost-performance ratio is extremely low.
Aggressive players can pay attention to 'high short' opportunities: near the 0.077 or 0.086 pressure levels, observe whether there are signs of stagnation in rising, you can try short positions with a small amount, and stop-loss must be placed above the pressure level, with a short-term target looking at 0.068–0.058.
Remember: low leverage, small positions, in the current market, staying alive is more important than making money.
The market is always changing, but logic and discipline remain unchanged. I am Zhou Yi, an old player who just wants to explain complex market conditions to you. Where exactly will the SQD correction occur in which minute? At which point is it safest to buy? I will share my operations and more precise market signals in real time in the village. Don’t want to miss the next wave of 40% increase, and even less want to become the watcher at the top of the mountain, follow me, and let’s wake up and mine gold together in the bull market!#RWA总规模持续增长 $SQD
