$SNDK There are buyers around 1680 and sellers around 1720. Don’t rush to pick a side; first treat it as a range-bound ping-pong game.
SNDK touched a low of 1682 today, then recovered from a long lower shadow, suggesting buyers are stepping in around 1680. The candle body has narrowed, and selling pressure seems to be losing steam. But 1720 is no pushover either: the stock weakened right from yesterday’s open, and short-term selling pressure remains. Until it breaks above 1720 on strong volume, it will most likely keep fluctuating between 1680 and 1720—a setup that punishes chasing rallies and panic-selling.
The plan is simple: try a small long position near 1690, place a stop-loss below 1675, and set an initial target of 1720. If it breaks above 1720, then look toward 1800; the risk-reward ratio is reasonable. If it repeatedly fails to break through 1720 on declining volume, be cautious—it could retest 1680. #币安推出BinanceIntelligence
If you haven’t settled on a broader direction yet, come join us at Jucai Zhuang to discuss!
SNDK touched a low of 1682 today, then recovered from a long lower shadow, suggesting buyers are stepping in around 1680. The candle body has narrowed, and selling pressure seems to be losing steam. But 1720 is no pushover either: the stock weakened right from yesterday’s open, and short-term selling pressure remains. Until it breaks above 1720 on strong volume, it will most likely keep fluctuating between 1680 and 1720—a setup that punishes chasing rallies and panic-selling.
The plan is simple: try a small long position near 1690, place a stop-loss below 1675, and set an initial target of 1720. If it breaks above 1720, then look toward 1800; the risk-reward ratio is reasonable. If it repeatedly fails to break through 1720 on declining volume, be cautious—it could retest 1680. #币安推出BinanceIntelligence
If you haven’t settled on a broader direction yet, come join us at Jucai Zhuang to discuss!
