SQD has been consolidating at high levels over the past couple of days, and signs of gradually increasing trading volume are quite evident. If it can break through the previous minor high next, it might be time to consider partial profit-taking.
For friends looking to enter, the vicinity of 0.0715 is a relatively reasonable entry point, so there's no need to rush all at once. You can first test the waters around this level. If the trend aligns with expectations, you can consider adding to your position around the 0.0735 line. The advantage of this phased approach is risk diversification and reduced psychological pressure.
The key still depends on whether the trading volume can continue to expand. A volume breakout is the real breakout. If the volume shrinks, you might need to be more patient and wait a bit longer.
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BearEatsAll
· 7h ago
The volume can't be released, it's all fake spikes. Right now, it's just the rhythm of harvesting the little guys.
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PumpAnalyst
· 7h ago
The recent sideways movement does show some signals, but don't be fooled by the market manipulators; volume is the best deceiver.
I've been watching this level for a while. Testing the 0.0715 level is okay, but I suggest saving some bullets and waiting for a pullback before going in again.
If the volume doesn't increase, it's a false breakout. At that point, many people will be trapped again. Lessons learned, everyone.
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YieldChaser
· 7h ago
It's another issue of trading volume. How many times do I have to say it? Only when there's an increase in volume does it count.
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PositionPhobia
· 8h ago
Talking about a breakout again, saying the same thing every time haha, can it really happen this time?
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ProveMyZK
· 8h ago
The phrase "breakout with high volume" has become tiresome; what's really important is when the main players decide to push the price up.
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WalletAnxietyPatient
· 8h ago
I've been ranging sideways for so long, I'm getting more and more timid. Still, I need to watch the volume.
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I've had my order placed at 0.0735 for a long time, just waiting for it to come to me.
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Gradually building positions is really comfortable, otherwise I’d be having a heart attack every day.
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I've heard the story of a volume breakout a hundred times, but it just pulses and then falls back.
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My current mindset is, I’m not in a rush to buy when it goes up, and I’m not scared when it drops. Just watching if the trading volume is strong enough.
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Honestly, this wave of volume release feels so-so. Don’t hype it up so much.
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All the guys going all-in are ahead of me. Now I want to play it safe, but it might be a bit late, brother.
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Trying to test the waters at 0.0715 is okay, but I’m so timid I only dare to buy an amount equivalent to half a month’s salary.
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Every time they talk about a volume breakout, but I always feel like they’re trying to cut retail traders like me.
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Once it breaks out, I’ll leave. I promised not to be greedy.
SQD has been consolidating at high levels over the past couple of days, and signs of gradually increasing trading volume are quite evident. If it can break through the previous minor high next, it might be time to consider partial profit-taking.
For friends looking to enter, the vicinity of 0.0715 is a relatively reasonable entry point, so there's no need to rush all at once. You can first test the waters around this level. If the trend aligns with expectations, you can consider adding to your position around the 0.0735 line. The advantage of this phased approach is risk diversification and reduced psychological pressure.
The key still depends on whether the trading volume can continue to expand. A volume breakout is the real breakout. If the volume shrinks, you might need to be more patient and wait a bit longer.