$SQD shows a strong momentum โ in the last 24 hours, the coin has increased by 33%, securing a level of $0.2356. Such growth indicates strong buyer interest and increased volatility, which opens excellent opportunities for active traders.
๐ Analytics:
After breaking through the local resistance around $0.21, SQD is confidently moving upwards. If the bullish momentum is maintained, the next target may be in the range of $0.265โ0.275. Indicators show overbought conditions, however, volumes confirm the sustainability of the growth.
During correction, important support zones are โ $0,222 and $0,205, where a rebound is possible.
๐น Trading plan:
Bullish scenario: entry upon consolidation $SQD above $0,24.
๐ฏ TP: $0,265 / $0,275
๐ SL: 2โ5% (โ$0,2356 โ $0,230โ$0,224)
Bearish scenario: if the price drops below $0,222 โ profit fixation and short positions possible down to $0,205.
โ๏ธ It is recommended to use a small percentage of the deposit and when the price moves into profit, move the stop to break even.
Do you think $SQD will be able to maintain this pace or is the market preparing for a pullback? Comment your forecasts!
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