SQD's recent performance has definitely caught many people's attention—a 35% surge in a single day is a pattern I've seen too many times. Over the years of trading, the biggest lesson I've learned is: during these rapid upward movements followed by consolidation, the easiest traps to fall into are chasing highs and guessing tops.

It's still necessary to review the history. There was a memorable case with a meme coin earlier: the 4-hour RSI shot above 75, looking extremely fierce. But at the same time, the 1-hour MACD was already weakening, with the histogram turning negative, and trading volume shrank by 93%. Many thought this was a signal of a new rally, but in fact, it was just a short-term exhaustion of bullish momentum. The market's painful lessons have taught me—sometimes missing a wave of market movement is much more comfortable than jumping into a trade prematurely.

So, what is SQD's current situation? The 4-hour timeframe is indeed overbought, but the trend direction hasn't been fully confirmed yet. My stance is very clear: **Wait and see**. Don't try to guess the top or chase the high; let the market itself reveal a clear direction.

If I had to set a trading framework, my logic would be like this:

**Bullish scenario**: The price must effectively break through and stabilize around 0.075 USDT (the previous high area). Only then is it worth considering going long, with a stop-loss at 0.072 and a target of 0.08.

**Bearish scenario**: The price needs to break below the key 4-hour support at 0.068 USDT before taking action, with the same stop-loss at 0.072 and a target of 0.065.

But for now, I am just sitting on the sidelines, watching. Let the bullets fly a little longer, waiting for the market to send more definitive signals.