The QNT strategy flagged in the previous round has successfully captured its profit potential. Don’t let hard evidence throw you off—the breakout is still the main story. $SNDK Both the four-hour and one-hour charts remain below the moving averages, and the bearish alignment is still intact. This rebound is just a correction, not a reversal. The 15-minute ADX is in the low 40s, so sellers are still in control. In this kind of setup, chasing longs offers very poor risk-reward. The dense trading zone overhead is natural resistance, and prices are more likely to be pushed back down after reaching it.
The one-hour RSI is hovering below the midpoint, suggesting buyers aren’t able to follow through. I’d rather look for short entries on a rebound than try to call a bottom. For the bearish setup to be invalidated, price would need to hold above key moving averages with volume expanding consistently; otherwise, the downward trend remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 1452.68428 – 1456.68519
🛑 Stop loss: 1495.46581
🎯 Take profit 1: 1424.09893
🎯 Take profit 2: 1403.70839
🎯 Take profit 3: 1373.12259
Take in the vastness of the mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#SNDK
Click below to trade 👇
The one-hour RSI is hovering below the midpoint, suggesting buyers aren’t able to follow through. I’d rather look for short entries on a rebound than try to call a bottom. For the bearish setup to be invalidated, price would need to hold above key moving averages with volume expanding consistently; otherwise, the downward trend remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 1452.68428 – 1456.68519
🛑 Stop loss: 1495.46581
🎯 Take profit 1: 1424.09893
🎯 Take profit 2: 1403.70839
🎯 Take profit 3: 1373.12259
Take in the vastness of the mountains and seas; observe the market’s finer details.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#SNDK
Click below to trade 👇