$SQD ❄️
$SQD just saw 4.3x selling volume, smart money exiting?
- Right now, the most probable scenario is continued bearishness or sideways chop as the market digests this heavy selloff. There may be a relief bounce, but as long as price remains under 0.03638–0.03736, sellers remain in firm control.
- If you are looking for a trade: A good short entry would be around 0.03638–0.03736 if price rallies and rejects that zone with confirmation (bearish pin bar, lower high, or strong selling pressure returning). Target first 0.03546, then 0.03487, and possibly 0.03421 if selling accelerates. Place your stop-loss above the recent swing high or above rejection candle’s high.
- Do not chase shorts right at current levels—wait for a bounce or clear retest and rejection from resistance.
- If price breaks above 0.03736 and holds, bias flips to neutral/possible reversal—watch for a squeeze towards 0.03822 or higher. Only consider longs if there’s a strong reversal signal and reclaim above these resistance levels.
- Examples of confirmation to wait for: bearish engulfing or pin bar at resistance, lower timeframe (1m/5m) trend change, or a failed rally that stalls at FVG/supply zones.
📝 This is not investment advice, just an educational report. Be patient and disciplined—trade only if you see your setup and always use proper risk management!
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