I’m looking at $SNDK USDT after a sharp drop, and the rebound is now pushing back toward the 1531.69–1533.48 area. For me, this is the key zone because price is still below the visible MA60 at 1533.48.
The recent move from around 1523.35 shows buyers are trying to recover, but I’d rather watch how price reacts near the MA60 than chase the bounce. A clear rejection around 1531.69–1533.48 would make the short setup more interesting.
📍 Entry: 1531.69–1533.48
🎯 TP1: 1529.03
🎯 TP2: 1526.19
🎯 TP3: 1523.35
🛑 Invalidation: 1534.71
If price loses the nearby support around 1529.03, I’d look for continuation toward the lower visible levels. On the other hand, a strong move and hold above the 1533.48 MA60 would weaken this short idea.
If price moves above 1534.71, I’d step away from this setup because the visible resistance structure would be breaking higher.
I’m watching the reaction around the MA60 rather than forcing an entry. Confirmation matters more than chasing the move.
The recent move from around 1523.35 shows buyers are trying to recover, but I’d rather watch how price reacts near the MA60 than chase the bounce. A clear rejection around 1531.69–1533.48 would make the short setup more interesting.
📍 Entry: 1531.69–1533.48
🎯 TP1: 1529.03
🎯 TP2: 1526.19
🎯 TP3: 1523.35
🛑 Invalidation: 1534.71
If price loses the nearby support around 1529.03, I’d look for continuation toward the lower visible levels. On the other hand, a strong move and hold above the 1533.48 MA60 would weaken this short idea.
If price moves above 1534.71, I’d step away from this setup because the visible resistance structure would be breaking higher.
I’m watching the reaction around the MA60 rather than forcing an entry. Confirmation matters more than chasing the move.