$SNDK seems to be holding still before the move. 👀
The current price is around $1534 and it is almost perfectly holding in the $1531–$1537 zone.
On the 15-minute chart, the RSI has dropped to 36.16, volatility has contracted, and the daily picture is still more inclined toward an upward move.
And this is where it gets interesting.
If $1531 holds, the next target is $1565.51.
Then, if $1570 breaks, $1586.24 and $1617.34 could open up. 📈
The stop in this scenario is $1492.95.
Looks like the market has compressed a spring. Now we just need to understand which direction it will release it. 😂
$SNDK, first $1565, or first we collect stops under $1492?
#SNDK #Trading #Crypto
The current price is around $1534 and it is almost perfectly holding in the $1531–$1537 zone.
On the 15-minute chart, the RSI has dropped to 36.16, volatility has contracted, and the daily picture is still more inclined toward an upward move.
And this is where it gets interesting.
If $1531 holds, the next target is $1565.51.
Then, if $1570 breaks, $1586.24 and $1617.34 could open up. 📈
The stop in this scenario is $1492.95.
Looks like the market has compressed a spring. Now we just need to understand which direction it will release it. 😂
$SNDK, first $1565, or first we collect stops under $1492?
#SNDK #Trading #Crypto
