$SNDKB has been drifting lower the whole way. When will it catch its breath?
SNDK has slid all the way down from 1616, plunging to a low of 1570 and now hovering around 1573.
The decline hasn’t been sharp, but it’s been relentless—like a dull knife slowly cutting.
Guys, here are a few things to keep in mind:
First, the rebounds have been too weak.
There have been a few small bounces along the way, but none of them held, and the price was quickly pushed back down.
That suggests there’s significant selling pressure overhead, and buyers aren’t stepping in strongly enough.
Second, 1570 is the key level for now.
The price just hit a low of 1570 and hasn’t broken below it yet.
If this level holds, we could see a small rebound; if it breaks, the next stop is 1550.
Third, resistance is around 1590–1600.
The levels the price fell through earlier have now turned into resistance.
If it bounces back to this zone, it will likely get pushed down again.
As for trading: don’t rush to buy the dip.
If 1570 holds, you could try a small long position, with a stop below 1565 and a target of 1590.
If it breaks straight through 1570, follow the trend and go short, targeting 1550.
One last thing: 1570 is the bulls’ last line of defense.
If it holds, there’s still room to catch a breath; if it doesn’t, the price could keep heading down toward #SNDKB高位换手没跌透
SNDK has slid all the way down from 1616, plunging to a low of 1570 and now hovering around 1573.
The decline hasn’t been sharp, but it’s been relentless—like a dull knife slowly cutting.
Guys, here are a few things to keep in mind:
First, the rebounds have been too weak.
There have been a few small bounces along the way, but none of them held, and the price was quickly pushed back down.
That suggests there’s significant selling pressure overhead, and buyers aren’t stepping in strongly enough.
Second, 1570 is the key level for now.
The price just hit a low of 1570 and hasn’t broken below it yet.
If this level holds, we could see a small rebound; if it breaks, the next stop is 1550.
Third, resistance is around 1590–1600.
The levels the price fell through earlier have now turned into resistance.
If it bounces back to this zone, it will likely get pushed down again.
As for trading: don’t rush to buy the dip.
If 1570 holds, you could try a small long position, with a stop below 1565 and a target of 1590.
If it breaks straight through 1570, follow the trend and go short, targeting 1550.
One last thing: 1570 is the bulls’ last line of defense.
If it holds, there’s still room to catch a breath; if it doesn’t, the price could keep heading down toward #SNDKB高位换手没跌透