【$SQD Signal】Healthy pullback after dip buy + 1H strong breakout

$SQD The 1H timeframe has just experienced a historically significant surge with massive volume, with a single candle increasing over 8%, currently in a strong consolidation at high levels. The 4H timeframe has confirmed a breakout from the previous consolidation zone, indicating a bullish trend. Although the current price is far from the 1H EMA20, the order book shows exceptionally thick buy orders, and the funding rate is negative, suggesting that bears are still resisting. This provides an excellent opportunity for a pullback followed by a second upward move.

🎯Direction: Long (buy on dip)

⚡Entry/Order: 0.03822 - 0.03908

🛑Stop Loss: 0.03750

🚀Target 1: 0.04150

🚀Target 2: 0.04380

🛡️Trade Management:

- Execution Strategy: Use staggered entries, accumulating on dips within the range. After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position for Target 2. If the price strongly breaks above the previous high of 0.04392, continue holding for higher potential.

Order Book Logic: Over the past 4 hours, open interest has remained stable, yet the price has surged significantly. This is a typical sign of main capital driving the market, rather than purely short covering. Although the 1H RSI is in the overbought zone, it has already pulled back from the extreme overbought level, releasing some heat. The order book shows dense buy orders in the 0.0434-0.0435 range, forming a strong support wall. The negative funding rate indicates high costs for short positions, making any healthy pullback a fuel for bulls to "squeeze" the shorts. Patience is advised to wait for the price to dip into the optimized entry zone for low-risk sniper entries.

View real-time market 👇 $SQD

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