$SNDK slammed right into the $1,844 macro ceiling, left a massive rejection wick, and dumped over $100 straight through the $1,765 floor.
Zero interest in catching this falling knife right now. The play is fading any relief bounce back into the broken shelf at $1,770 - $1,785.
Looking for price to roll over toward $1,700 first, with the main target sitting down at the $1,650 breakout base.
Hard stop on a 4H close above $1,815. If bulls take back that level, cut it on the spot.
Zero interest in catching this falling knife right now. The play is fading any relief bounce back into the broken shelf at $1,770 - $1,785.
Looking for price to roll over toward $1,700 first, with the main target sitting down at the $1,650 breakout base.
Hard stop on a 4H close above $1,815. If bulls take back that level, cut it on the spot.
