$SNDKB : Breaks Ascending Support Line: Bearish Momentum Surge
SHORT SETUP SNDKB
Entry: $1585.00 - $1590.00
Stop Loss: $1651.00
Take Profit: $1460.50 (2R)
Key Levels: Support $1476.04 | Resistance $1593.19
Technical Analysis for $SNDKB : Indicators point to bearish momentum. Price sits well below the EMA9EMA200 cluster and the MACD line remains under its signal, while ADX at 46 confirms a strong trend. RSI and Stochastic are deep oversold, but the orderbook imbalance and the prices position under all EMAs favor a short bias toward the 1476 support.
Market Context: BTC is in a bearish 4hour trend and down 0.14% on the day, while overall market breadth is broadly negative (63% red).
SHORT $SNDKB
SHORT SETUP SNDKB
Entry: $1585.00 - $1590.00
Stop Loss: $1651.00
Take Profit: $1460.50 (2R)
Key Levels: Support $1476.04 | Resistance $1593.19
Technical Analysis for $SNDKB : Indicators point to bearish momentum. Price sits well below the EMA9EMA200 cluster and the MACD line remains under its signal, while ADX at 46 confirms a strong trend. RSI and Stochastic are deep oversold, but the orderbook imbalance and the prices position under all EMAs favor a short bias toward the 1476 support.
Market Context: BTC is in a bearish 4hour trend and down 0.14% on the day, while overall market breadth is broadly negative (63% red).
SHORT $SNDKB