$SNDK Either keep charging forward at 1850, or wipe back down to 1720!
After SNDK bounced from the Sep 14 low of 1507, it kept rising, topping at 1806.47. It has since pulled back to around 1779. This is currently a high-level consolidation following a strong rebound, and it’s a healthy correction within an ongoing uptrend.
My personal view: short-term is neutral to slightly range-bound; medium-term remains bullish. Since the rebound from the 1507 low has already exceeded 20%, the market needs time to digest profit-taking. Also, over the weekend it’s more likely to see high-level choppy trading rather than a one-way continuation higher. As long as it doesn’t break down effectively below 1710-1720, the upward structure remains intact, and there will still be opportunities to challenge the prior high—and possibly even higher.
If you already hold long positions, continue holding and move your stop-loss up to 1765-1770. If price rebounds to around 1795-1805, you can take partial profits; the remaining position can be held for higher targets.
For those with no position, it’s not recommended to chase higher. Prefer to wait for a pullback to 1770-1775 to stabilize, then consider a light re-entry on the long side. Stop-loss is below 1755. Targets are 1795-1805; after a breakout, look toward 1850. Aggressive followers can wait until price consolidates above 1800 on higher volume before entering with a small lot to go long.
#比特币突破8万美元大关 #比特币市值超越特斯拉
I’ll keep monitoring the market going forward. Key levels and entry/exit strategies will be synced to the chat room immediately. You’re welcome to check out Niu Ge’s official chat room.
After SNDK bounced from the Sep 14 low of 1507, it kept rising, topping at 1806.47. It has since pulled back to around 1779. This is currently a high-level consolidation following a strong rebound, and it’s a healthy correction within an ongoing uptrend.
My personal view: short-term is neutral to slightly range-bound; medium-term remains bullish. Since the rebound from the 1507 low has already exceeded 20%, the market needs time to digest profit-taking. Also, over the weekend it’s more likely to see high-level choppy trading rather than a one-way continuation higher. As long as it doesn’t break down effectively below 1710-1720, the upward structure remains intact, and there will still be opportunities to challenge the prior high—and possibly even higher.
If you already hold long positions, continue holding and move your stop-loss up to 1765-1770. If price rebounds to around 1795-1805, you can take partial profits; the remaining position can be held for higher targets.
For those with no position, it’s not recommended to chase higher. Prefer to wait for a pullback to 1770-1775 to stabilize, then consider a light re-entry on the long side. Stop-loss is below 1755. Targets are 1795-1805; after a breakout, look toward 1850. Aggressive followers can wait until price consolidates above 1800 on higher volume before entering with a small lot to go long.
#比特币突破8万美元大关 #比特币市值超越特斯拉
I’ll keep monitoring the market going forward. Key levels and entry/exit strategies will be synced to the chat room immediately. You’re welcome to check out Niu Ge’s official chat room.
