The TAO strategy I shared earlier has successfully captured its profit potential this round. Sudden moves often hide traps, and that’s exactly what the current market structure for $SNDK looks like. On the 4-hour chart, price is below the EMA50, which is itself below the EMA200. The moving averages are aligned bearishly, and the swing trend is clearly downward. The 1-hour chart is weakening in sync, with an RSI reading of 36.8, while sellers remain in control of momentum.
In this setup, I’d treat a rebound as an opportunity to enter short rather than a reversal. The only thing to watch is that the 15-minute ADX shows buyers have the short-term advantage, so keep your position size modest and allow enough room for your stop-loss. A rebound into the resistance zone is where to look for short entries, with targets stepped down below.
🔴 Trade direction: Short
📍 Entry range: 1595.23145 – 1596.19091
🛑 Stop-loss: 1611.08510
🎯 Take-profit 1: 1584.18074
🎯 Take-profit 2: 1576.49378
🎯 Take-profit 3: 1564.96334
Gaze upon the vast mountains and seas; observe the market’s every subtle move.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#SNDK
Click below to trade 👇
In this setup, I’d treat a rebound as an opportunity to enter short rather than a reversal. The only thing to watch is that the 15-minute ADX shows buyers have the short-term advantage, so keep your position size modest and allow enough room for your stop-loss. A rebound into the resistance zone is where to look for short entries, with targets stepped down below.
🔴 Trade direction: Short
📍 Entry range: 1595.23145 – 1596.19091
🛑 Stop-loss: 1611.08510
🎯 Take-profit 1: 1584.18074
🎯 Take-profit 2: 1576.49378
🎯 Take-profit 3: 1564.96334
Gaze upon the vast mountains and seas; observe the market’s every subtle move.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#SNDK
Click below to trade 👇