$SQD experienced a long liquidation near $0.07303, flushing overleveraged longs after a failed continuation attempt. This move reflects short-term weakness rather than a confirmed trend breakdown. Primary support is now located at $0.0695–$0.0710, a demand zone that must hold to prevent further downside. Holding this area allows price to stabilize. Immediate resistance stands at $0.0768, the breakdown level that needs to be reclaimed. A confirmed reclaim above resistance would activate the next upside target at $0.0845, followed by $0.0920 if momentum rebuilds. Failure to hold $0.0695 would expose $0.0648 as the next downside liquidity pocket. Structure favors consolidation before recovery—patience is key.
SQDUSDT
Perp
0.07394
+2.07%