$SQD USDT Bearish Pullback โ Possible Short-Term Correction ๐
After a strong bullish rally, $SQDUSDT is showing signs of rejection from the recent resistance zone near 0.044. The 15m chart indicates increasing selling pressure with consecutive red candles, suggesting a potential short-term bearish correction toward lower support levels.
๐ป Trade Setup:
Entry Range: 0.04100 โ 0.04150
๐ฏ Targets:
Target 1: 0.04030
Target 2: 0.03960
Target 3: 0.03890
๐ Stop Loss (SL):
0.04280
๐ Short Market Outlook:
Price recently pumped strongly but failed to hold above the 0.04350โ0.04400 resistance zone, leading to a pullback. If the price remains below 0.04280, the bearish move may continue toward the next support levels. However, reclaiming 0.04350 could invalidate the short setup.