$SQR 4H Timeframe Technical Analysis

SQRUSDT just hit 0.382 Fibonacci retracement levels on the 4H chart. We can expect to see some downwards movement with a consolidation at around $0.5 before bouncing back to higher levels.

On the daily candles, SQRUSDT is showing a bullish structure. We have seen a strong bounce on the previous support at around $0.41. RSI is still neutral so there is enough space for more upwards movement before it turns overbought.

Next resistance at around $0.6.