$SNDKB surprised the market with an explosive move in the last hours, accumulating a gain of more than +14% and trading around 1.568,08 after reaching the day’s high at 1.580,00.
The 1h chart shows a strong vertical exit directly from the support region at 1.260,00, breaking through previous resistance levels with quite aggressive buy-force candles.
Now, the big question for anyone trading futures is whether the asset will manage to consolidate above the key level of 1.550,00 in order to break the top at 1.580,00 and open the way to new targets.
Since the move was highly stretched over just a few hours, it’s important to maintain discipline in risk management, focus on the stop loss, and wait for volume confirmation
The 1h chart shows a strong vertical exit directly from the support region at 1.260,00, breaking through previous resistance levels with quite aggressive buy-force candles.
Now, the big question for anyone trading futures is whether the asset will manage to consolidate above the key level of 1.550,00 in order to break the top at 1.580,00 and open the way to new targets.
Since the move was highly stretched over just a few hours, it’s important to maintain discipline in risk management, focus on the stop loss, and wait for volume confirmation