$SNDK / USDT: A major rebound is in progress! 📈⚡
Regarding #SNDK /USDT Perp, after massive withdrawals from its peak at $2,373.96, prices formed a local bottom near $972.20 and are now showing strong signs of recovery!
📊 Technical analysis:
🟢 Local support: the 972 - 1,000 area held firmly.
📈 Momentum over 4 hours: bullish crossover of MA(7) [1,241] and MA(25) [1,250], indicating steady buying volume.
🔴 Key resistance levels to watch: 1,353 (MA 99 on 4H) and 1,610 (MA 7 on 1W).
💡 Trade preference:
Scenario: If prices break through and hold above 1,353, we may see an upward wave toward 1,500 - 1,600.
Risk management: Watch for rejection near the dynamic resistance level at 1,353 before taking large positions.
Regarding #SNDK /USDT Perp, after massive withdrawals from its peak at $2,373.96, prices formed a local bottom near $972.20 and are now showing strong signs of recovery!
📊 Technical analysis:
🟢 Local support: the 972 - 1,000 area held firmly.
📈 Momentum over 4 hours: bullish crossover of MA(7) [1,241] and MA(25) [1,250], indicating steady buying volume.
🔴 Key resistance levels to watch: 1,353 (MA 99 on 4H) and 1,610 (MA 7 on 1W).
💡 Trade preference:
Scenario: If prices break through and hold above 1,353, we may see an upward wave toward 1,500 - 1,600.
Risk management: Watch for rejection near the dynamic resistance level at 1,353 before taking large positions.
