$SQD is setting up nicely from a price-action perspective. Price tapped the demand zone around 0.053–0.058 and held it cleanly, showing clear absorption after the recent selloff. Buyers have been defending this area each time it’s been tested, which tells me this level is still valid.
As long as SQD continues to respect this base, I’m looking for a push back toward the 0.14 supply zone. The structure is still intact, and the reaction off support looks controlled rather than panic-driven.
Keeping an eye on how it behaves on the next few candles, but for now the chart supports a potential contin