【$SQD Signal】Short squeeze retracement, 1H level secondary entry

$SQD 1H level surge followed by retracement, RSI skyrocketed to 87.76, buy orders show a gap. 4H MACD bullish crossover, strong bullish momentum, but price has already broken out of the Bollinger upper band. Market depth shows sell orders stacking above 0.0357, buy orders clearly supporting around 0.0355. Negative funding rate of -0.2481% combined with stable open interest indicates a typical short squeeze structure, with passive short covering continuously fueling the move.

🎯Direction: Long

⚡Entry/Order: Gradually accumulate in the range of 0.03094 - 0.03174

🛑Stop loss: 0.03030

🚀Target 1: 0.03750

🚀Target 2: 0.04038

🛡️Trade management:
- Execution strategy: Reduce 50% of positions after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.

The 1H EMA20 forms dynamic support at 0.0319, closely aligning with the suggested entry zone. Volume surged in the past 4 hours, indicating active capital inflow. Open interest remains stable, and in a negative funding rate environment, prices stay firm, with ongoing bearish pressure. The risk-reward ratio is highly favorable at this position, but caution is needed for a quick shakeout after RSI overheats. The level at 0.0303 is a resonance zone where the 4H EMA50 intersects with previous support; breaking below this invalidates the logic.

View real-time market 👇 $SQD
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate广场四月发帖挑战 #假期持币指南 #加密市场行情震荡