$SNDK After a significant surge, prices have become stagnant in the high range; after pushing up to 1579.55, bullish momentum gradually fades.
The price is trading close to the upper Bollinger Band on the 15-minute chart. Large volumes of short-term profit-taking positions have accumulated, and the risk of a pullback from the high level continues to increase.
After a short-term blowout surge, conditions are not favorable for sustained chasing higher—be cautious of a high-reversal pullback that could act as a shakeout.
Trading idea:
Short in the 1570–1580 range on rebounds, keep a defense above 1585, target 1552, and if support breaks, look toward the 1532 support level.
The price is trading close to the upper Bollinger Band on the 15-minute chart. Large volumes of short-term profit-taking positions have accumulated, and the risk of a pullback from the high level continues to increase.
After a short-term blowout surge, conditions are not favorable for sustained chasing higher—be cautious of a high-reversal pullback that could act as a shakeout.
Trading idea:
Short in the 1570–1580 range on rebounds, keep a defense above 1585, target 1552, and if support breaks, look toward the 1532 support level.