$SNDK Double-blind on the Shandi short order! The target is set at 1250! Place stop-loss at 1310
When it spiked to 1287, a clear long upper wick appeared. After the spike, the price failed to hold above that level, indicating very strong sell pressure overhead. Any funds chasing longs at this point can easily end up being the bag holders.
The price surged on increased volume, but it failed to break higher. That just-now candle with a noticeably enlarged trading volume is a typical example of intense long-vs-short tug-of-war. Once the volume comes in, the price should continue to open up higher space—but it didn’t. That’s not a good sign for the bulls.
Short near 1280. What you’re betting on is the pullback after the failed attempt to push higher.
Don’t chase shorts right now; instead, use the high-level resistance after the spike to set up your positions. As long as the price cannot regain and hold above 1280, short-term sellers still have room to continue gaining momentum.
#参议院推迟CLARITY法案投票至9月 #金价升破4400美元创两月高位
When it spiked to 1287, a clear long upper wick appeared. After the spike, the price failed to hold above that level, indicating very strong sell pressure overhead. Any funds chasing longs at this point can easily end up being the bag holders.
The price surged on increased volume, but it failed to break higher. That just-now candle with a noticeably enlarged trading volume is a typical example of intense long-vs-short tug-of-war. Once the volume comes in, the price should continue to open up higher space—but it didn’t. That’s not a good sign for the bulls.
Short near 1280. What you’re betting on is the pullback after the failed attempt to push higher.
Don’t chase shorts right now; instead, use the high-level resistance after the spike to set up your positions. As long as the price cannot regain and hold above 1280, short-term sellers still have room to continue gaining momentum.
#参议院推迟CLARITY法案投票至9月 #金价升破4400美元创两月高位