SQD SMASHES THROUGH ORDER BLOCK, MOMENTUM REVERSES 📉🔻
The 4‑hour order block anchored around $0.0305 was ripped open as $SQD plunged through, taking the 24‑hour low to $0.02614.📉 Volume surged past $21 M, a clear sign that macro‑level asset accumulation is withdrawing and momentum acceleration has flipped negative. Each 15‑minute candle closed lower, confirming the breach.📉
The price now hovers just above the identified support zone near $0.02627, testing a fragile floor that has held since early session. If $SQD can rebound, the dip may be framed as an aggressive correction; however, the depth of the breach suggests a structural weakness rather than a clean pull‑back. Traders watch for a bounce off the order‑block floor.
Should $SQD regain traction, the mid‑range area around $0.03177 offers the next point of interest, while the previous resistance at $0.03722 looms as a potential ceiling. A sustained hold above $0.0315 could hint at a tentative reversal, but pressure remains high. 📊⚠️
Levels to monitor:
Watching support around $0.02627
Structure suggests resistance near $0.03722
Mid range area: $0.03177
DYOR
Follow for Updates
#SQD #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The 4‑hour order block anchored around $0.0305 was ripped open as $SQD plunged through, taking the 24‑hour low to $0.02614.📉 Volume surged past $21 M, a clear sign that macro‑level asset accumulation is withdrawing and momentum acceleration has flipped negative. Each 15‑minute candle closed lower, confirming the breach.📉
The price now hovers just above the identified support zone near $0.02627, testing a fragile floor that has held since early session. If $SQD can rebound, the dip may be framed as an aggressive correction; however, the depth of the breach suggests a structural weakness rather than a clean pull‑back. Traders watch for a bounce off the order‑block floor.
Should $SQD regain traction, the mid‑range area around $0.03177 offers the next point of interest, while the previous resistance at $0.03722 looms as a potential ceiling. A sustained hold above $0.0315 could hint at a tentative reversal, but pressure remains high. 📊⚠️
Levels to monitor:
Watching support around $0.02627
Structure suggests resistance near $0.03722
Mid range area: $0.03177
DYOR
Follow for Updates
#SQD #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare