$SNDK Sell short with speed!!
SNDK’s big bearish candle directly smashes through the Bollinger mid-band at 1587.10, approaching the lower band at 1517.29. The MACD dead cross is confirmed and the green bars quickly expand. The KDJ accelerates and spreads downward. Short-seller momentum is currently in a concentrated release phase. Demand in the storage chip industry remains persistently weak; rumors that major customers are cutting orders are stacking with inventory de-stocking that’s falling short of expectations. Fundamentally, there is no upward catalyst whatsoever. Since the drop from 1628.69, the rebound hasn’t even been able to retest 1560. The bears have completely taken control. The lower band at 1517.29 is not really a bottom—once broken, the decline continues without end.
Entry: 1,536.99
Stop loss: 1,587.10
Take profit: 1,440.00
$SNDK - Short 🔻
Enter the trade from below👇
SNDK’s big bearish candle directly smashes through the Bollinger mid-band at 1587.10, approaching the lower band at 1517.29. The MACD dead cross is confirmed and the green bars quickly expand. The KDJ accelerates and spreads downward. Short-seller momentum is currently in a concentrated release phase. Demand in the storage chip industry remains persistently weak; rumors that major customers are cutting orders are stacking with inventory de-stocking that’s falling short of expectations. Fundamentally, there is no upward catalyst whatsoever. Since the drop from 1628.69, the rebound hasn’t even been able to retest 1560. The bears have completely taken control. The lower band at 1517.29 is not really a bottom—once broken, the decline continues without end.
Entry: 1,536.99
Stop loss: 1,587.10
Take profit: 1,440.00
$SNDK - Short 🔻
Enter the trade from below👇