$SNDK is bouncing back toward a key resistance zone after a recent pullback.
Price has moved above the MA50, but RSI is currently at 73.62, showing overbought conditions. The $1,550–$1,620 area could become a key resistance zone for a potential rejection.
SHORT $SNDK 👇
🔹 Entry: $1,550 – $1,620
🎯 TP1: $1,500
🎯 TP2: $1,440
🎯 TP3: $1,390
🛑 SL: $1,660
Technical Setup:
• Price is approaching a key resistance zone
• RSI at 73.62, entering the overbought area
• MACD is recovering, but price is still facing strong resistance
• The $1,550–$1,620 zone could trigger a potential rejection
⚠️ A strong breakout above $1,660 would invalidate this SHORT setup.
Trade safely, manage your risk, and always DYOR. 📉
Price has moved above the MA50, but RSI is currently at 73.62, showing overbought conditions. The $1,550–$1,620 area could become a key resistance zone for a potential rejection.
SHORT $SNDK 👇
🔹 Entry: $1,550 – $1,620
🎯 TP1: $1,500
🎯 TP2: $1,440
🎯 TP3: $1,390
🛑 SL: $1,660
Technical Setup:
• Price is approaching a key resistance zone
• RSI at 73.62, entering the overbought area
• MACD is recovering, but price is still facing strong resistance
• The $1,550–$1,620 zone could trigger a potential rejection
⚠️ A strong breakout above $1,660 would invalidate this SHORT setup.
Trade safely, manage your risk, and always DYOR. 📉
