SNDK is now at 1417, and it just bounced to this level.
It pushed from 1127 to 1447, pulling in more than three hundred bucks—looks really strong. But in the last 4 hours, the final six lines are three yang and three yin; the momentum for the rise is clearly weaker. After coming down from the highs, those two bearish candles close pretty solid—not some kind of flimsy wick; it really looks like someone is selling.
Open interest growth has dropped from 25% in a day to just 3% after 7 hours. In whale accounts, they’ve run off and cut out 30% over 7 hours. When the pump was happening, they were already running, and even while the price was still up high, they kept running. They pumped while reducing, and the more they pulled up, the fewer people there were. I already said in a previous post that whales were running, and they’re still running—this script hasn’t changed at all.
Funding rate is still negative. Shorts are basically handing money to longs. But in the taker buy/sell order flow, it’s basically 50/50—no one dares to chase. When it was pumping earlier, there were still people stepping in to buy, but now the buy side is clearly shrinking, and trading volume is also lower.
I don’t understand how they managed to pump those three hundred bucks. After the pump, they just leave. A走势 (trend) that becomes harder and harder to push—going in isn’t it just picking up the bags for the people in front of you? I’m not going to chase at this point. I’ll wait for it to come down and then see.
#sndk $SNDK
It pushed from 1127 to 1447, pulling in more than three hundred bucks—looks really strong. But in the last 4 hours, the final six lines are three yang and three yin; the momentum for the rise is clearly weaker. After coming down from the highs, those two bearish candles close pretty solid—not some kind of flimsy wick; it really looks like someone is selling.
Open interest growth has dropped from 25% in a day to just 3% after 7 hours. In whale accounts, they’ve run off and cut out 30% over 7 hours. When the pump was happening, they were already running, and even while the price was still up high, they kept running. They pumped while reducing, and the more they pulled up, the fewer people there were. I already said in a previous post that whales were running, and they’re still running—this script hasn’t changed at all.
Funding rate is still negative. Shorts are basically handing money to longs. But in the taker buy/sell order flow, it’s basically 50/50—no one dares to chase. When it was pumping earlier, there were still people stepping in to buy, but now the buy side is clearly shrinking, and trading volume is also lower.
I don’t understand how they managed to pump those three hundred bucks. After the pump, they just leave. A走势 (trend) that becomes harder and harder to push—going in isn’t it just picking up the bags for the people in front of you? I’m not going to chase at this point. I’ll wait for it to come down and then see.
#sndk $SNDK