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SQD/USDT — Bounce or Bear Trap?
SQD is showing strength off a key demand zone right now, but pump your brakes on the bullish narrative. The structure hasn't really flipped yet—what we're seeing is more likely a reaction against sell-side liquidity clusters rather than a genuine reversal setup.
The price action tells a story: bounces happen all the time from support levels. The real question is whether this one has legs or if it's just another bull trap testing weak hands. Until the chart shows us a structural break above key resistance, treating this as a demand zone reaction makes more sense than calling it a confirmed reversal.
Market's still on trial. Watch how it closes near these levels.