That last round of ETH’s thinking—we’ve already safely locked in profits. Behind the incremental gains there are traps. The price action at $SNDK is something everyone should keep a close eye on. When I was monitoring the chart, I noticed that although the rebounds come with volume, every time price pushes up into that zone, it gets brutally pushed back—meaning the sell-side overhead pressure is truly heavy. Let’s think differently: if the buyers were really that determined, why wouldn’t they dare to challenge the prior high?
So my judgment is that shorting from this area is more comfortable than chasing longs. It’s not saying a waterfall sell-off is imminent, but the odds are more favorable. Once the support below is ground through, the chances of a further dip driven by momentum are not small. Don’t let the rebound distract you—hold the key level and let the market choose its direction.
🔴 Trading direction: Short
📍 Entry range: 1590.7 – 1620.7
🛑 Stop loss: 1630.7
🎯 Take profit 1: 1560.7
🎯 Take profit 2: 1530.7
In still waters lie deep foresight; through market ups and downs, one stays composed.
Walk with Fei-jie, and read the pulse of the wealth tide.
#SNDK
Click below to trade 👇
So my judgment is that shorting from this area is more comfortable than chasing longs. It’s not saying a waterfall sell-off is imminent, but the odds are more favorable. Once the support below is ground through, the chances of a further dip driven by momentum are not small. Don’t let the rebound distract you—hold the key level and let the market choose its direction.
🔴 Trading direction: Short
📍 Entry range: 1590.7 – 1620.7
🛑 Stop loss: 1630.7
🎯 Take profit 1: 1560.7
🎯 Take profit 2: 1530.7
In still waters lie deep foresight; through market ups and downs, one stays composed.
Walk with Fei-jie, and read the pulse of the wealth tide.
#SNDK
Click below to trade 👇