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Look at SQD's shorting opportunity. This rebound, to put it simply, is just retail funds speculating, and it's about to come to an end. Looking at the 1-hour K-line, both MA7 and MA25 have been broken through, and the MACD has also shown a death cross signal, a typical short-term topping feature.
The trading data is even more straightforward—large traders' short positions are continuously increasing, the long-short ratio is rapidly declining, and retail longs have already started to flee. The only ones left are the main players dumping the market.
What about the fundamentals? They are even less convincing. The market cap is only 65 million, and even after full dilution, it's just over 90 million. Its market share is only 0.0022%, a size that can't support the current valuation at all. Dropping from the all-time high of 0.286 to the current 0.066, the positions caught in between are piled higher than mountains. Rebound? That's just handing the shorts a knife.
Enter short positions directly in the 0.066 to 0.067 range, with a stop-loss at 0.07. The first target is 0.055, and if it breaks through, look at the previous low of 0.046. These kinds of coins have no storylines to tell and fall faster than anything else. No need to hesitate; the opportunity is right in front of you.