$SNDKB : Resistance Test Fails: Bearish Momentum Building Fast
SHORT SETUP SNDKB
Entry: $1445.00 - $1450.00
Stop Loss: $1505.04
Take Profit: $1332.42 (2R)
Key Levels: Support $1403.81 | Resistance $1451.71
Technical Analysis for $SNDKB : Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a bearish framework. MACD remains under its signal line with a negative histogram, while RSI at 37 and Stochastic around 15 signal oversold conditions but lack momentum. Orderbook shows a 15 % askside bias. The pair respects the 1H resistance near 1452 and finds support around 1404.
Market Context: BTC is in a 4hour bearish trend around $81.8k and the broader market is 93 % red, indicating overall downside pressure.
SHORT $SNDKB
SHORT SETUP SNDKB
Entry: $1445.00 - $1450.00
Stop Loss: $1505.04
Take Profit: $1332.42 (2R)
Key Levels: Support $1403.81 | Resistance $1451.71
Technical Analysis for $SNDKB : Price sits below EMA9, EMA21, EMA50 and EMA200, confirming a bearish framework. MACD remains under its signal line with a negative histogram, while RSI at 37 and Stochastic around 15 signal oversold conditions but lack momentum. Orderbook shows a 15 % askside bias. The pair respects the 1H resistance near 1452 and finds support around 1404.
Market Context: BTC is in a 4hour bearish trend around $81.8k and the broader market is 93 % red, indicating overall downside pressure.
SHORT $SNDKB