$SNDK This trend is so terrifying it makes your scalp tingle. It was crushed straight through from 1836 down to 1616—like a falling object from the sky. The brothers who caught the bottom halfway up the hill probably have hands that are still trembling now.
Within 24 hours, it hit a low of 1616; current price is 1659. Although there’s less than a 1% rebound, MA(7) at 1663 is right overhead pressing down. Even the 7-day moving average can’t get back above it, which shows the bulls are extremely weak.
Let me share Xinying’s thoughts:
For the bulls: around 1615-1625 you can take a small position to try a rebound. The target is 1650-1670, but remember—this is only the logic of a short-term oversold bounce. Don’t get carried away.
For the bears: in the 1665-1680 area, as long as the rebound comes up properly, you can take action. The target is 1630-1615. This direction is relatively steadier.
My personal take: with this market continuing to drop with consecutive long bearish candles and the moving averages fully arranged bearishly, it will be very hard to get a clean V-shaped reversal in the short term. My plan is to look for opportunities to short in the 1665-1680 rebound zone. If it directly drops to around 1615, then take a light position to catch a rebound—make a profit and get out.
#币安九周年 #科技股拖累美股走低
Within 24 hours, it hit a low of 1616; current price is 1659. Although there’s less than a 1% rebound, MA(7) at 1663 is right overhead pressing down. Even the 7-day moving average can’t get back above it, which shows the bulls are extremely weak.
Let me share Xinying’s thoughts:
For the bulls: around 1615-1625 you can take a small position to try a rebound. The target is 1650-1670, but remember—this is only the logic of a short-term oversold bounce. Don’t get carried away.
For the bears: in the 1665-1680 area, as long as the rebound comes up properly, you can take action. The target is 1630-1615. This direction is relatively steadier.
My personal take: with this market continuing to drop with consecutive long bearish candles and the moving averages fully arranged bearishly, it will be very hard to get a clean V-shaped reversal in the short term. My plan is to look for opportunities to short in the 1665-1680 rebound zone. If it directly drops to around 1615, then take a light position to catch a rebound—make a profit and get out.
#币安九周年 #科技股拖累美股走低
