The best risk-reward opportunities are often found after a countertrend move. $SNDK has pulled back to a previous high-volume trading zone. Volume has contracted noticeably on the four-hour chart, suggesting that most of the selling pressure has been released. Structurally, the support zone below has been tested repeatedly without breaking, which indicates that bearish momentum is fading.
I don't chase rallies; I wait for a low-volume pullback like this to confirm. The first upside target is near the previous high, with further upside only if price holds above it. The key risk is a break below the support zone—in that case, I’d have to admit I’m wrong. It’s only worth taking the trade if the risk-reward is attractive.
🟢 Trade direction: Long
📍 Entry range: 1399.8 – 1429.8
🛑 Stop loss: 1359.8
🎯 Take profit 1: 1459.8
🎯 Take profit 2: 1499.8
🎯 Take profit 3: 1549.8
🎯 Take profit 4: 1599.8
Behold the vastness of mountains and seas; observe the market’s subtleties.
Walk with Uncle Xiong and witness the gains and losses of the world.
#SNDK
Click below to trade 👇
I don't chase rallies; I wait for a low-volume pullback like this to confirm. The first upside target is near the previous high, with further upside only if price holds above it. The key risk is a break below the support zone—in that case, I’d have to admit I’m wrong. It’s only worth taking the trade if the risk-reward is attractive.
🟢 Trade direction: Long
📍 Entry range: 1399.8 – 1429.8
🛑 Stop loss: 1359.8
🎯 Take profit 1: 1459.8
🎯 Take profit 2: 1499.8
🎯 Take profit 3: 1549.8
🎯 Take profit 4: 1599.8
Behold the vastness of mountains and seas; observe the market’s subtleties.
Walk with Uncle Xiong and witness the gains and losses of the world.
#SNDK
Click below to trade 👇