$SQD đ Technical Analysis
⢠Current Price: $0.2332 (+78.7%)
⢠Trend: Strong bullish breakout after a long period of consolidation.
⢠Indicators:
⢠Bollinger Bands (BB): Price is pushing above the upper band (0.2054), showing high momentum.
⢠Moving averages: Short-term MA is turning upward, confirming bullish sentiment.
⢠Candlestick: Large bullish candles with volume indicate strong buying pressure.
⢠Highs & Lows:
⢠Recent low: $0.0662
⢠Recent high: $0.2720 (near resistance)
⢠Current: $0.2332, consolidating after breakout.
đ Long Trade Signal
⢠Entry Zone: $0.220 â $0.235 (current pullback area after breakout)
⢠Target Levels (TP):
1. $0.2720 (recent high / resistance)
2. $0.3000 (psychological resistance)
3. $0.3500+ (if bullish trend extends)
⢠Stop Loss (SL):
⢠Conservative: $0.200 (below upper Bollinger band)
⢠Aggressive: $0.180 (previous consolidation zone)
â ď¸ Notes
⢠Momentum is very strong, but daily candle already stretched â a short-term pullback can happen.
⢠Better to scale in gradually instead of entering full position at once.
đ This is indeed a valid long trade signal, but watch closely for rejection near $0.27.