An old player in the cryptocurrency market who has been through many ups and downs over the years. No nonsense today, let's get straight to the point — can we still play with SQD?
Let's look at the data:
SQD current price $0.06845, skyrocketing 35.9% in 24 hours, and up 65% in 7 days. At first glance, is the bull back? Not so fast, let's look at the 90-day trend: -29.63%, year-to-date: -67.81%. What does this indicate? A short-term rebound as fierce as a tiger, but the long-term trend is still bearish.
Although there are currently no sudden major negative events, just look at the trading volume — $270,000 in liquidations over 4 hours, and $2,520,000 in liquidations over 24 hours. The battle between bulls and bears is extremely intense, and large funds are secretly positioning.
Do you know what is the most terrifying thing?
It is that most retail investors only look at price fluctuations, but do not understand the underlying financial games. The big players raise prices to sell, and lower prices to accumulate. The rebound you see now may just be 'flowers on a trap'.
The technical indicators have sounded the alarm, do you understand?
The current 1-hour chart is in a downtrend, but the MACD yellow and white lines are quietly crossing above the zero axis, a death cross turning into a golden cross—this is a rebound signal, but not a reversal signal.
All three RSI values are above 68, even hitting 71, what does this mean? Overbought! Short-term sentiment is overheated, a correction could come at any time.
Resistance level above:
Level 1: 0.07700 (break through here to see higher levels)
Level 2: 0.08600 (Strong pressure zone, be cautious here)
Support level below:
Short-term defense: 0.068 - 0.077 range (suitable for swing trading)
Ultimate bottom line: 0.046 (if it breaks, run quickly)
Nanxi provides key operational guidelines for SQD:
Reduce positions or attempt short near the resistance level of 0.077; short-term speculation for rebounds below 0.068, breaking 0.058 indicates a weakening trend, target down to 0.046. Nighttime movements may either rise and fall (40%) or directly drop to test the lows (60%). The market has no absolutes, be sure to strictly manage risk to avoid blindly chasing highs and cutting losses.
If you don’t know how to time the market, you can follow Nanxi, who will provide real-time analysis in the village and give the current best entry points.
I have seen someone earn from 100,000 to 1,000,000, and I have also seen someone lose from 1,000,000 to zero. The difference is not luck, but whether he is willing to be fearful when others are greedy and to plan when others are fearful.
The market changes rapidly, and strategies need to be flexible. If you really don’t know what to do tonight—then just observe for now, find Nanxi to help you analyze, stay focused together, and enjoy the gains. I am Nanxi, focusing on market analysis and psychological games.
Are you the one waiting for the wind to come? When can we plan? Nanxi will announce in the village, see you at the banquet in Nanxi village!
#SQD $SQD
