$SNDKB : Technical Signals Turn Negative as $SNDKB Selling Pressure Rises
SHORT SETUP SNDKB
Entry: $1665.00 - $1672.00
Stop Loss: $1740.00
Take Profit: $1525.50 (2R)
Key Levels: Support $1650.50 | Resistance $1700.97
Technical Analysis for $SNDKB : SNDK trades below key EMAs with RSI at 32, signaling bearish momentum. MACD histogram is negative, confirming downward pressure. Price sits near the lower Bollinger Band, suggesting potential capitulation. A break below 1650 support would confirm the short thesis. Watch for rejection at 1700 resistance as a re-entry point if price rebounds.
Market Context: BTC is bullish on higher timeframes but down 0.23% in 24h. Market breadth is broadly negative with 64.9% of coins red. Orderbook
SHORT $SNDKB
SHORT SETUP SNDKB
Entry: $1665.00 - $1672.00
Stop Loss: $1740.00
Take Profit: $1525.50 (2R)
Key Levels: Support $1650.50 | Resistance $1700.97
Technical Analysis for $SNDKB : SNDK trades below key EMAs with RSI at 32, signaling bearish momentum. MACD histogram is negative, confirming downward pressure. Price sits near the lower Bollinger Band, suggesting potential capitulation. A break below 1650 support would confirm the short thesis. Watch for rejection at 1700 resistance as a re-entry point if price rebounds.
Market Context: BTC is bullish on higher timeframes but down 0.23% in 24h. Market breadth is broadly negative with 64.9% of coins red. Orderbook
SHORT $SNDKB
