$SQD Becoming Weaker – Notable Short Scenario Script


Currently, $SQD shows clear signs of weakening as the price continuously gets rejected near the resistance zone. The upward momentum is no longer as strong as before, while selling pressure begins to increase. This is an appropriate context to consider a short-term short strategy with a reasonable risk/reward ratio.
📈 Quick analysis:
• Price is moving sideways within a narrow range but cannot break upward
• Weakening rebounds, indicating insufficient buying power to sustain the trend
• There is a high likelihood of a breakdown if the support zone is broken
📊 Proposed trading plan:
⟶ Entry zone: 0.0335 – 0.0342
⛔ Stop loss: 0.0355
🎯 Take profit:
• TP1: 0.0320
• TP2: 0.0308
• TP3: 0.0295
👉 Execution strategy:
You can split the order into multiple parts to optimize the position. When the price hits TP1, move the stop loss to break-even to protect profits. If the market moves as expected, keep the remaining part for deeper TP targets.
SQD4.14%
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