$SNDK We just discussed USELESS, and this wave of momentum has been firmly caught; profits are already in the bag. The accumulation activity is not small, but I’d rather calmly watch how far this BTC rebound can go. The four-hour moving averages are still in a bearish alignment, and when price retraces to the moving averages, it tends to get pushed back down.
Don’t get misled by this bullish candle. On the hourly timeframe, price still hasn’t broken above the key moving averages, which means buyers haven’t truly taken over yet. The closer the rebound gets to upper resistance, the more it looks like an entry window left for the bears. What we’re waiting for is a signal of weakening momentum on the push higher and volume failing to keep up; only then will there be more room to the downside.
🔴 Trading direction: Short
📍 Entry range: 1590.83274 – 1591.63884
🛑 Stop loss: 1608.87507
🎯 Take profit 1: 1578.00633
🎯 Take profit 2: 1569.18669
🎯 Take profit 3: 1555.95723
Still waters run deep, and the market’s rises and falls are met with composure.
Stand with Sister Fei and read the pulse of the wealth tide.
#SNDK
Click below to trade 👇
Don’t get misled by this bullish candle. On the hourly timeframe, price still hasn’t broken above the key moving averages, which means buyers haven’t truly taken over yet. The closer the rebound gets to upper resistance, the more it looks like an entry window left for the bears. What we’re waiting for is a signal of weakening momentum on the push higher and volume failing to keep up; only then will there be more room to the downside.
🔴 Trading direction: Short
📍 Entry range: 1590.83274 – 1591.63884
🛑 Stop loss: 1608.87507
🎯 Take profit 1: 1578.00633
🎯 Take profit 2: 1569.18669
🎯 Take profit 3: 1555.95723
Still waters run deep, and the market’s rises and falls are met with composure.
Stand with Sister Fei and read the pulse of the wealth tide.
#SNDK
Click below to trade 👇