SQRUSDT trade ideas
$SQR - 1 Hour Chart - Elliott Wave AnalysisTrade Idea:
Identification: Currently, GETTEX:SQR appears to have completed 5 waves up and is in a stage of retracement. It is also currently overbought on the 8 hour and daily.
Entry Point: Consider entering a long position on the retracement paying attention to the 0.5 to 0.882 Fibonacci retracement levels.
Stop-Loss: Place a stop-loss order just below the start of wave 1 (0.5168)
Take-Profit: Target a price level at the 1 Fibaonacci Level at 0.87312 which is the minimum expectation for the move back up.
Risk Management:
Only risk a small percentage of your trading capital on this trade.
Use proper position sizing to manage risk effectively.
Stay updated with market news and adapt your strategy accordingly.
Magic Square $0.67 a Wonderful Experiencea Web 3 Ecosystem with apps games and so much more
freshly launched and with such a great team that have proven track record in business academics and fintech
the great thing about this is its available in Binance chain
perfect for self custody
gotta love this one for sure when it goes beyond $1.0
FASTER THAN EXPECTED! $SQRWell i knew it was going to pump, just was faster than expected, markets are moving faster in these days, there is a bullish sentiment, are we in the bull market already? Everyone is scared to talk about it, but i think yes we are! Is genious season as i read before!
This maybe is the first wave, not the most important, remember is very probably that this coin get listed on binance, it can be sooner than expected, sub 1$ is a very nice place to buy! Next target before 1$ should be 0.70$ i would expect a retest to 0.57$ so if you are looking to buy a bunch maybe thats your last chance!
$SQR breaking up from weekly consolidation
A week ago SQR broke out of a long downward trend, finding support and then moving in range for another week. On Monday it moved up from the range then on Tuesday morning it retested the upper level of this range to finally shoot up 15% :) It has retraced since reaching the top at around 0.66. Right now it seems to find a support at around 0.5 fib that is 0.61 USDT but I believe it will still go down a bit further to 0.6 or 0.59 and then continue the upward move towards next level and resistance at 0.7 USDT. I keep my fingers crossed.
$SQR trading strategy this weekAs analyzed from previous days, GETTEX:SQR has accumulated in the price range of 0.51-053$ for quite a long time, and today the price broke out and hit 0.67 before correcting at the present. My price target has not changed with Target 0.74-0.75$ to be reached this week, however before increasing to this price level, the possibility of GETTEX:SQR testing to 0.55-0.56$ is not ruled out again, please follow Follow me!
The growth potential of the SQR token The price has found a support zone at the 0.61 levels and the token is in a clear accumulation phase with good repeated volume during the recent sessions. A retest of the 0.61 level is a few days away, and if positive, the token could enter the opening price if volume picks up for a short period of time.On daily candles
SQUSDT
shows a bullish structure. We saw a strong bounce from previous support around $0.52. The RSI is still neutral, so there is plenty of room for further upside before it becomes overbought
SQR is currently in an uptrend, breaking out to the $0.75 areaSQR has been sideways for quite a long time in the $0.50 area, this is the hard support level of SQR, currently conquering the small barrier of $0.61
In the next few days, there is a possibility of breaking through the hard resistance zone of 0.75 to move towards $1. The current market price uptrend favors SQR's price increase.
Aiming for a capitalization of 50M$ is what we can expect, behind SQR is Binance lab, the possibility of listing Binance is very high in this cycle.
Technical Analysis of SQR Coin (SQR/USDT) - [27 Feb]Trend: Sideways Movement
The chart indicates that the SQR coin is currently in a sideways trend over recent periods. Price fluctuations primarily occur within a narrow range, with no significant upward or downward trend.
Support Level: $0.5 USDT
The current key support level for SQR is identified at $0.5 USDT. This implies that the price tends to rebound or hold steady around this level when facing selling pressure.
Resistance Level: $0.58 USDT
The price of $0.58 USDT is serving as a critical resistance level. Overcoming this level and sustaining above it might prove challenging.
Short-Term Prediction:
Given the current sideways trend, investors can expect price oscillations between the support and resistance levels. A short-term uptrend may emerge if the price approaches the support level, while the resistance level could create selling pressure upon reaching.
Overall Outlook:
In the current market context, monitoring price movements near the support and resistance levels can assist investors in making informed decisions. However, it's crucial to note that any new trends may emerge with sudden market volatility.
Please note that this is a technical analysis based on the provided information and does not replace thorough research on the project and the overall global market conditions.
$SQR Plan UpdateThe past plan with token price correction did not work out.
Given the changes in the market and bitcoin's growth to 57,000, as well as numerous news about the possible listing of the token on the Binance platform, I see a high probability of growth of the asset to the next resistance level - 0.61.
The blue scenario, aka scenario 1, is no longer relevant.
The second scenario, yellow, is more likely.
After testing the level of 0.61, I think there is a probability of a pullback to the support level of 0.51, and then lower to 0.42.
But in the long term, the forecast for the token is a long.
$SQR Weekly reportBYBIT:SQRUSDT did not go lower to retest previous order block at about $0.5. Instead, it went straight up and is now testing resistance at $0.55.
It is still showing a bullish structure on the daily candles. RSI still have more upwards margin before reaching overbought levels. Next level to watch is around $0.6 as it matches with the next fibonacci level of 0.5.