Keep an eye on $SQD guys, this setup looks incredibly solid for the current market conditions.
The move down has been super sticky and lacks volume. That tells me big players aren't exiting; they're just letting retail shake themselves out. I'm starting to build a long position in the 0.0328 - 0.0344 range.
I'm keeping the stop tight under the local low at 0.0310. The logic is simple: if we nuke below that support, it means my idea is wrong and we are heading for new lows. But right now, everything points to this being a quick breather before the next rip upward. We are targeting up to 0.0450.
If you're tailing this, manage your risk. 10x leverage is more than enough to print here. Let's get it. 🤝
SQDUSDT
Perp
0.03432
+13.11%