$SNDK continues to look like a strong opportunity, but I'm still waiting for the market to complete its objective.
One more push lower toward 980.97 could be enough to raid the remaining liquidity before the next meaningful move higher.
I'm not interested in chasing longs just yet. I'd rather let that liquidity be swept first and then look for long entries from there.
At the same time, I'd be careful pressing shorts this late into the move. If the liquidity objective is completed, the risk/reward begins to shift.
Patience is the edge. Let the market deliver the setup.
NFA. DYOR.
#SNDK SKHynixSharesDrop19%
One more push lower toward 980.97 could be enough to raid the remaining liquidity before the next meaningful move higher.
I'm not interested in chasing longs just yet. I'd rather let that liquidity be swept first and then look for long entries from there.
At the same time, I'd be careful pressing shorts this late into the move. If the liquidity objective is completed, the risk/reward begins to shift.
Patience is the edge. Let the market deliver the setup.
NFA. DYOR.
#SNDK SKHynixSharesDrop19%