Divergence is hidden in the volatility, and the bearish structure around $SNDK has become even clearer. Daily prices are pinned below both moving averages, so the broader direction hasn’t turned. The four-hour and one-hour charts are weakening in sync, and this kind of multi-timeframe confluence on the downside is far more reliable than a signal from a single timeframe. The short-term rebound has pushed indicators into overbought territory, giving us exactly the entry point we want instead of having to chase the price.
The overhead resistance zone has not been decisively reclaimed, and rebound volume has failed to keep pace, suggesting limited buying support. I’d rather treat this rebound as an opportunity to position ourselves than as a trend reversal. The structure hasn’t changed, so we’ll stick to the bearish approach.
🔴 Trade direction: Short
📍 Entry range: 836.76632 – 839.13372
🛑 Stop loss: 859.74868
🎯 Take profit 1: 821.60102
🎯 Take profit 2: 810.70170
🎯 Take profit 3: 794.35271
Gaze upon the vastness of mountains and seas; observe the market’s subtle shifts.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#SNDK
Click below to trade 👇
The overhead resistance zone has not been decisively reclaimed, and rebound volume has failed to keep pace, suggesting limited buying support. I’d rather treat this rebound as an opportunity to position ourselves than as a trend reversal. The structure hasn’t changed, so we’ll stick to the bearish approach.
🔴 Trade direction: Short
📍 Entry range: 836.76632 – 839.13372
🛑 Stop loss: 859.74868
🎯 Take profit 1: 821.60102
🎯 Take profit 2: 810.70170
🎯 Take profit 3: 794.35271
Gaze upon the vastness of mountains and seas; observe the market’s subtle shifts.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#SNDK
Click below to trade 👇