#OKXNOW: Ushering in a new era of 24/7 markets. Round-the-clock trading amplifies overnight exposure to risk for highly volatile assets like SNDK. My overall view is bearish for now: focus on protecting capital before pursuing profits. SNDK is currently at 1637.2, down 3.6% over 24 hours. It failed to hold above the high of 1719.8 and has pulled back 13.67% from its four-hour high; it is also trading near the lows on the one-hour chart. Trading volume is only 309,000. The 0.0088% funding rate shows that longs are still paying to hold their positions, while the 56,000-coin open interest carries the risk of a squeeze. The top-10 bid/ask ratio is 0.81, with 142 sell orders versus 115 buy orders, so selling pressure is clearly dominant. Strategy: consider a small short on a rebound to 1658.7, with a stop-loss at 1689.4 and a target of 1583.5. If the price drops sharply to 1608.6, consider a short-term long, with a stop-loss at 1594.2 and a target of 1642.8. Keep each position below 5% of your portfolio. Never add to a losing position to average down after a stop-loss is triggered.

— These are my personal views only and do not constitute investment advice. Wishing you successful trading. —

$SNDK #OKXNOW: Ushering in a new era of 24/7 markets