$SQR retesting on demand zone: Next target is 0.75 usd then 1 usGETTEX:SQR performed well this past week with a clean retest on the demand zone box, the bounce tells that retails are buying at those level. We are only listed on one major exchange which is bybit and we are already performing well. chart says we are supposed to claim 0.75 usd and potential break of this resistance will catapult us to 1 usd!! Anything below 0.5 usd is a steal
SQRUSDT trade ideas
$SQR has great growth potentialCurrently GETTEX:SQR is trading in the price range of 0.52$ - 0.6$.
Before that, GETTEX:SQR had accumulated for quite a long time at the price range of $0.5. This is the hard support zone of GETTEX:SQR , indicating that this zone has high trading volume but the price is moving sideways, proving that the house has accumulated a lot of GETTEX:SQR in this zone.
We can spread orders to buy GETTEX:SQR in 2 entry ranges, Entry 1 ~ 0.52$, Entry 2 ~ 0.45$
During this period of market growth, GETTEX:SQR will benefit from that growth momentum. GETTEX:SQR 's immediate target is to conquer the price range of $0.65, and beyond that is the $0.75 range.
Behind GETTEX:SQR is Binance lab. I believe that GETTEX:SQR will not only hover around the capitalization level of 20M$, GETTEX:SQR will also grow to the capitalization level of 100M$ and higher when there is news of Binance listing.
$SQR has been showing signs of accumulation and bullish momentumThe RSI indicator is trending upwards and has room to move higher before reaching overbought territory. This suggests that there is still buying momentum behind the $SQR. Volume has been increasing during the recent price advances, indicating growing interest from traders and investors. A surge in volume accompanying a breakout would add further confirmation to the bullish thesis.
Target: Target the next significant resistance levels based on historical price action or use a trailing stop-loss to capture potential upward momentum.
SQR/USDT Long IdeaI believe my previous prediction was accurate!
If you set limit orders below 0.5, you managed to buy the token at a low price! Congrats!
BYBIT:SQRUSDT reached the level of 0.434. Now, considering the given law of price, I see the continuation of the bullish trend, and the long scenario remains in force.
If Bitcoin does not experience a strong correction in the cryptocurrency market, BYBIT:SQRUSDT first target will be around 0.7. Globally, I expect a price above $1 per token.
If Bitcoin experiences a significant correction, I will repurchase BYBIT:SQRUSDT within the previously indicated range of 0.35-0.41
magic of magicsquarei think we can have movement like a picture, in this bull market you should invest on a project that have potential to touch moon ;-) and one of them is GETTEX:SQR , you should know that binance lab invest on it and have many potential to listing on binance, and you know that after listing what happen, lets buy it in different step and just hodl it for touching moon sooner as you think
SQRUSDTjust hit 0.496 support levels on the 4H chart. We can expect to see some downwards movement with a consolidation at around $0.5 before bouncing back to higher levels.
On the daily candles,
SQRUSDT
is showing a bullish structure. We have seen a strong bounce on the previous support at around $0.41. RSI is still neutral so there is enough space for more upwards movement before it turns overbought.
Next resistance at around $0.62
#SQR Bullish PatternWe have entered the bull market and it is a project with a lot of potential. SQR collected at these levels can provide very good gains in the medium term.
After lingering in this region for a while, we may encounter an increase of over 100% and it could be a good setup with the Fib1.618 target.
CONSOLIDATION PHASE IN $SQR TOKENCurrently last to last week breakout was happened in GETTEX:SQR token which is project by Magicsquare.io and backed by Binancelabs.
Currently price rejected and below support line. I am expecting good upside once price break level of $0.61 next resistance will be 0.77$ above which 1.1$ is acting as strong resistance for the $SQR.
Why to buy?
Best time to buy any stock or cryptocurrency is as a early adopters of project or when price trade between consolidation zone. As who knows the next $BTC.
SQR/USDT Idea for weekHello everyone! I want to give a brief overview of the SQR token for the upcoming week. As we can see, after the recent news about MagicSquare TruePNL acquisition, the token price surged to the resistance level and then dropped back to the support level. Currently, the price is within a strong price range, making it difficult to break out. In the near future, I expect the price to be around $0.47 if there are no additional positive news. My strategy is as follows: if we can solidify at $0.60, it's likely we'll move with good news towards $1. However, if we dip below $0.52, which seems more probable at the moment, I anticipate a prolonged trading in the range of $0.44-$0.52.
SQR Technicals in Sideways MovementIn recent periods, SQR has displayed a distinctive sideways movement pattern, capturing the attention of traders seeking to decipher its future trajectory. Let's delve into the technical analysis of this sideways movement:
1. Sideways Channel Formation:
SQR's price action has been confined within a horizontal range, with clear upper and lower boundaries defining the channel. This consolidation phase is characterized by successive highs and lows that fail to establish a clear trend direction.
2. Trading Range:
The trading range within the sideways channel provides traders with clear support and resistance levels. Buyers step in near the lower boundary, preventing further downside, while sellers emerge near the upper boundary, capping upside potential.
3. Decreased Volatility:
During sideways movement, volatility tends to decline as price fluctuations become more subdued. This decreased volatility may signify a period of indecision and equilibrium between buyers and sellers, as market participants await a catalyst to drive price action.
4. Oscillating Indicators:
Technical indicators such as moving averages, oscillators, and Bollinger Bands reflect the sideways movement by remaining relatively flat or oscillating within a narrow range. Momentum indicators may hover around the zero line, indicating a lack of directional bias.
5. Potential Breakout or Breakdown:
Sideways movement often precedes a significant breakout or breakdown, where price breaks out of the established channel, signaling a resumption of the previous trend or the start of a new trend. Traders closely monitor key support and resistance levels for potential entry or exit points.
6. Trading Strategies:
Traders may employ various strategies to capitalize on sideways movement:
Range Trading: Buying near support and selling near resistance within the sideways channel.
Breakout Trading: Initiating positions upon a confirmed breakout above or below the channel boundaries.
Scalping: Capitalizing on short-term price fluctuations within the trading range.
7. Risk Management:
Risk management is paramount during sideways movement to protect against potential losses. Traders should implement stop-loss orders, position sizing, and proper risk-reward ratios to manage risk effectively.
8. Monitoring Catalysts:
Traders should monitor potential catalysts that could trigger a breakout or breakdown, such as fundamental developments, news events, or changes in market sentiment.
9. Conclusion:
Sideways movement in SQR presents both opportunities and challenges for traders. By understanding the technical dynamics of sideways movement and employing appropriate trading strategies and risk management techniques, traders can navigate this phase effectively and position themselves for potential future price movements.
SQRFactors that could affect the price of SQR token:
The success of Magic Square: If Magic Square is able to attract a large number of users and developers, the demand for SQR tokens will increase, which will lead to a price increase.
The overall cryptocurrency market: The price of SQR token is likely to be affected by the overall cryptocurrency market. If the cryptocurrency market experiences a bull run, the price of SQR token is likely to increase.
Regulations: Government regulations could affect the price of SQR token. If governments introduce regulations that are unfavorable to cryptocurrencies, the price of SQR token could decrease.
Disclaimer:
These are just my predictions and should not be taken as financial advice. Do your own research before investing in any cryptocurrency.
An uptrend channel for $SQR with hidden bullish divergence As you see on the chart there is uptrend channel formed and price is moving within for now.
Currently we see hidden bullish divergence between price and RSI signaling strength despite bad momentum. It could be a signal for wave 2 ending in Elliot Wave theory and preparing for wave 3 which usually is stronger and could potentially break the channel.
You could put a trade with stop lose set on "close of the bar" under the channel.
$SQR Token: An In-Depth Analysis and StrategyOverview of GETTEX:SQR Token
The GETTEX:SQR token is at the forefront of Magic Square's vision to redefine user interaction with Web3 technologies. As the native utility token, GETTEX:SQR is pivotal for transactions, governance, and rewarding user engagement within the platform. This analysis explores GETTEX:SQR 's strategic position and potential impact on the broader crypto ecosystem.
Fundamental Analysis
Utility and Adoption:
Magic Square seeks to enhance the Web3 experience by offering a curated selection of decentralized applications (DApps), thereby increasing the utility and demand for $SQR. The token's role in facilitating transactions, governance, and rewards within the ecosystem underscores its fundamental value.
Ecosystem Growth Prospects:
The potential for GETTEX:SQR 's appreciation is closely tied to Magic Square's user adoption rates and the platform's continuous expansion. Strategic partnerships, platform updates, and an increasing array of DApps are expected to drive the ecosystem's growth, enhancing GETTEX:SQR 's utility and attractiveness to holders.
Community and Governance:
GETTEX:SQR empowers holders with voting rights, allowing them to influence the platform's development direction. This governance model ensures that the ecosystem evolves in alignment with its users' interests, potentially leading to higher engagement and token retention rates.
Technical Considerations
Market Trends:
While specific price movements are beyond this analysis's scope, observing broader market trends and the sentiment towards utility tokens can provide insights into GETTEX:SQR 's potential trajectory. A growing interest in platforms that bridge the gap between traditional and decentralized finance could favor $SQR.
Volume and Sentiment Indicators:
An increase in trading volume may indicate rising interest in GETTEX:SQR , reflecting positive sentiment within the community. Similarly, sentiment analysis tools can gauge the crypto community's outlook on GETTEX:SQR , offering clues about potential market movements.
Support and Resistance Levels:
Identifying key psychological levels of support and resistance can help traders and investors understand market sentiment and potential turning points for GETTEX:SQR , even without specific price points.
Strategic Perspective
Short-Term Trading:
Traders might look for signals such as increased volume or significant ecosystem announcements to time their trades, focusing on short-term market sentiment and reaction to news.
Long-Term Investment:
Investors interested in the long-term potential of GETTEX:SQR may consider the token's role within the expanding Magic Square ecosystem. The platform's commitment to simplifying Web3 access and the increasing utility of GETTEX:SQR present a compelling case for long-term value growth.
Conclusion
The GETTEX:SQR token represents a unique opportunity within the crypto space, backed by Magic Square's innovative approach to Web3. While market dynamics are ever-changing, GETTEX:SQR 's fundamental and technical prospects suggest a bright future for those invested in the growth of decentralized technologies.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
Focusing on the broader aspects of GETTEX:SQR 's utility, ecosystem growth, and strategic market considerations offers a comprehensive view without relying on specific price data, aligning with TradingView's emphasis on insightful and analytical content.