The recent pullback after SQD's low-level start is actually a normal correction within an upward trend, not a reversal signal. Carefully observe the market: after the rally, there was no breach of key support, but instead a consolidation with decreasing volume within the range—this precisely indicates limited bearish pressure.

From a structural perspective, the upward framework remains intact. The open interest remains active, and funds have not withdrawn; they are simply seeking direction amid the game. Such a correction is often an excellent opportunity for bulls to add positions—support levels are holding well, and although the previous high above may create some resistance, the probability of a breakout is not low.

Once the previous high is broken with increased volume confirmation, these types of assets usually do not easily fade out. Instead, the current sideways consolidation looks more like the main force preparing for a subsequent attack. Waiting for a clear breakout to chase may cause you to miss the most comfortable entry point. Short-term fluctuations should not be over-interpreted; the key is to stay focused on support levels—if they hold, a subsequent volume-driven upward move is highly probable.