$SNDK is shaping up to be an interesting short setup. Technically, we’ve broken below the trend support line, and when you factor in the latest news about a squeezed market, the outlook favors the bears. Against a backdrop of broad macroeconomic uncertainty and profit-taking by major players, selling pressure looks entirely justified.
I’m considering looking for an entry around 1730–1700. My targets are 1680, 1650, and then 1600. A stop-loss at 1760 seems reasonable to protect against a false breakout. As always, let’s manage risk and keep a cool head.
$SNDK
I’m considering looking for an entry around 1730–1700. My targets are 1680, 1650, and then 1600. A stop-loss at 1760 seems reasonable to protect against a false breakout. As always, let’s manage risk and keep a cool head.
$SNDK