SNDK This order book is getting interesting— the buy-side order thickness is only half of the sell-side. Inviting someone to dinner, you only serve one plate of peanuts— who would believe this can hold the price up? On the futures side, they’re actively placing sell orders to push down the buy orders; meanwhile, long accounts are still mass-withdrawing, and there aren’t many left even to pretend. The price is pinned below the moving average, with the 4-hour trend still heading downward and no turn yet. This isn’t a pullback— it’s clearly that there’s nobody taking the orders. Wait until it breaks below the previous low. If you go in now, you’re basically just serving as the main players’ pre-dinner snack.
