OverboughtSetup
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🔻 $SQD / USDT – SHORT SETUP (Overbought Spike + Potential Exhaustion)
Commentary:
SQD has surged with a near-vertical rally, now trading at +24.38%, and hitting a 24h high of $0.18600. The RSI(6) is 92.43, deep into overbought territory. Price is extremely extended from MA lines, and volume is peaking — signs of a possible blow-off top. A short scalp setup is forming for a pullback.
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🔴 Short Setup Plan (15m Chart)
Resistance Zone: $0.18600 (recent high)
Entry Zone: $0.1835 – $0.1855 (look for rejection candle or lower high)
Stop Loss (SL): $0.1885 (above high wick)
🎯 Target Levels
TP1: $0.1755 (MA7 level)
TP2: $0.1700 (support cluster)
TP3: $0.1610 (near MA25 zone)
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📌 RSI: 92.4 – Overbought warning
📌 Volume: Spiking — likely climax buying
📌 Trend Bias: Overextended; ripe for mean reversion
📌 Candles: Tall green bodies = possible exhaustion
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#CryptoShortSignal #SQDTrade #OverboughtSetup
$SQD
Commentary:
SQD has surged with a near-vertical rally, now trading at +24.38%, and hitting a 24h high of $0.18600. The RSI(6) is 92.43, deep into overbought territory. Price is extremely extended from MA lines, and volume is peaking — signs of a possible blow-off top. A short scalp setup is forming for a pullback.
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🔴 Short Setup Plan (15m Chart)
Resistance Zone: $0.18600 (recent high)
Entry Zone: $0.1835 – $0.1855 (look for rejection candle or lower high)
Stop Loss (SL): $0.1885 (above high wick)
🎯 Target Levels
TP1: $0.1755 (MA7 level)
TP2: $0.1700 (support cluster)
TP3: $0.1610 (near MA25 zone)
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📌 RSI: 92.4 – Overbought warning
📌 Volume: Spiking — likely climax buying
📌 Trend Bias: Overextended; ripe for mean reversion
📌 Candles: Tall green bodies = possible exhaustion
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#CryptoShortSignal #SQDTrade #OverboughtSetup
$SQD
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