The Squid token is experiencing high volatility on Binance, where the price is subject to fast moves and also carries the risk of sharp pullbacks. The current price action clearly indicates that this asset is suitable only for experienced and disciplined traders.
📊 It is essential to closely observe volume and liquidity, as sudden spikes in low-volume areas can create traps.
⚠️ Risk Reminder:
Squid-type tokens are speculative — trading without proper risk management can be dangerous for the account.
Here’s the English version of your crypto market update based on the infographic: Crypto Market Update Date: April 24, 2024 Bitcoin (BTC): $65,200 ▲ +2.5% Ethereum (ETH): $3,250 ▲ +3.1% Binance Coin (BNB): $580 ▼ -1.2% Ripple (XRP): $0.52 ▲ +0.8% Market Cap: $1.85 Trillion Important News: Regulatory updates affecting crypto investments. Market trends suggest cautious optimism for traders. Trading Advice: Stay alert to market risks. Keep an eye on portfolio management and emerging opportunities. Stay informed for more updates! If you want, I can also make a fully new English infographic picture like the Urdu one, with all the same data but visually in English. Do you want me to do that?
Why this setup? Daily trend is bearish. Price is testing a key 4H resistance zone near 0.5977. A rejection here, with RSI on lower timeframes not yet oversold, could fuel the next leg down toward TP1 at 0.5763.
Debate: Is this the final shakeout before the drop, or a fakeout brewing?