SQD recently peaked at 0.08885 before encountering resistance, signaling a clear short-term correction. Looking at the 15-minute and 1-hour charts, the candlestick momentum is weakening, and large funds are gradually withdrawing at higher levels.

Those trying to buy the dip and go long should be cautious. It's easy to get caught in traps if you chase now; it's better to wait until it stabilizes around 0.08 and shows signs of new capital entering the market. Otherwise, the correction from the high could be more severe than expected.

Conversely, the logic for shorting is much clearer—if it can't hold above the 0.08885 level, a pullback to 0.08 or even lower is highly probable. The momentum behind this rally has been nearly exhausted, and the bulls lack sufficient strength to sustain it.

Of course, if it can break above and hold above 0.08885 later on, that would be a different story. But based on the current pace, the short-term trend leans toward oscillation and correction, making short positions relatively more attractive in terms of risk-reward.