$SNDK this pull, and 1600 has once again turned into the comfort zone
When $SNDK previously retraced to around 1570, my thinking was that as long as it hadn’t broken below the uptrend, we could add a small position once to unify and keep the cost basis around 1600.
Now the price has pulled back above 1640 again. The most panicked spot earlier has actually become a short-term low. The capital that didn’t dare to enter at the time is now starting to worry about missing the opportunity.
This rebound isn’t appearing out of thin air. Below 1570, near the rising trendline, the price kept probing downward without breaking. Low-level support is gradually strengthening as well.
Next, we’ll first see whether 1640—1660 can hold firm. Only after it holds will there be a chance to continue repairing upward toward 1680—1700. This is also the first resistance after the previous level was lost.
Once 1700 is reclaimed, the short-term structure can be considered truly repaired. Above that, we can look toward around 1750. Until it reclaims that level, there’s no need to rush and treat this rebound as a reversal.
If your cost has already been brought down to around 1600, you can continue observing according to the original plan. You don’t need to see a rally and then chase by adding more. Having 1530 as the final line of defense is enough.
This approach has never been a bet on the absolute lowest point. It’s about handling entries in batches near the trendline, setting invalidation levels in advance: if the judgment is right, hold; if it’s wrong, exit according to discipline $MU #花旗拟今年推出机构比特币托管
When $SNDK previously retraced to around 1570, my thinking was that as long as it hadn’t broken below the uptrend, we could add a small position once to unify and keep the cost basis around 1600.
Now the price has pulled back above 1640 again. The most panicked spot earlier has actually become a short-term low. The capital that didn’t dare to enter at the time is now starting to worry about missing the opportunity.
This rebound isn’t appearing out of thin air. Below 1570, near the rising trendline, the price kept probing downward without breaking. Low-level support is gradually strengthening as well.
Next, we’ll first see whether 1640—1660 can hold firm. Only after it holds will there be a chance to continue repairing upward toward 1680—1700. This is also the first resistance after the previous level was lost.
Once 1700 is reclaimed, the short-term structure can be considered truly repaired. Above that, we can look toward around 1750. Until it reclaims that level, there’s no need to rush and treat this rebound as a reversal.
If your cost has already been brought down to around 1600, you can continue observing according to the original plan. You don’t need to see a rally and then chase by adding more. Having 1530 as the final line of defense is enough.
This approach has never been a bet on the absolute lowest point. It’s about handling entries in batches near the trendline, setting invalidation levels in advance: if the judgment is right, hold; if it’s wrong, exit according to discipline $MU #花旗拟今年推出机构比特币托管