$SQD USDT BEARISH CONTINUATION WITH CLEAR DOWNSIDE TARGETS
$SQD USDT failed to sustain above resistance near 0.16675 and is trading below the mark price, confirming bearish momentum. Rising selling volume supports further decline.
Short Entry: Enter between 0.16000 and 0.16100 on confirmation of resistance and a bearish candle close below 0.15900.
Target 1: 0.15705 – Immediate support for profit booking.
Target 2: 0.15400 – Next support zone for extended downside.
Stop Loss: Set above 0.16300 to limit risk.
Risk Management: Maintain risk at 1-2% of trading capital. Use a strict stop loss and consider scaling out partial profits at the first target while trailing stop for remaining position to maximize protection.
This setup offers a strong bearish bias with clearly defined entry and exit levels based on market structure.
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