🔴 $SQD /USDT — SHORT SIGNAL

Subsquid | Binance Futures (Perp)

Entry Zone: 0.01845 – 0.01870
Stop Loss (SL): 0.01925

🎯 Take Profit Targets

TP1: 0.01800

TP2: 0.01750

TP3: 0.01680
Trade here $SQD

📉 Analysis

Bearish trend: Price is down 10.60% in 24 hours.

Weak momentum: 7D performance is -31.57%, while 30D is -32.44%.

Support test: Price is near the 24h low of 0.01845.

Breakdown risk: A confirmed break below 0.01840 may trigger further selling.

Caution: Price is near support, so a short-term bounce is possible.

✅ Confirmation

Wait for a 15m candle to close below 0.01840, ideally with increased selling volume, before entering a breakdown short.

Invalidation: Sustained price movement above 0.01925 weakens this setup.

⚖️ Risk-to-Reward Summary

Using an illustrative entry of 0.01860 and SL of 0.01925:

TP1: approximately 0.92:1

TP2: approximately 1.69:1

TP3: approximately 2.77:1

Risk Management: TP1 offers less than 1:1 reward-to-risk, so consider waiting for a better entry or prioritizing TP2/TP3. These are indicative levels based on the supplied data, not guaranteed outcomes. Use modest leverage and manage liquidation risk.

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