$SNDKB : Technical Signals Turn Negative as $SNDKB Selling Pressure Rises
SHORT SETUP SNDKB
Entry: $1335.50 - $1336.50
Stop Loss: $1383.00
Take Profit: $1242.00 (2R)
Key Levels: Support $1325.97 | Resistance $1451.71
Technical Analysis for $SNDKB : RSI at 24.53 and Stochastic K near 9 point to oversold conditions, yet the MACD sits at 28.66 with a 4.40 histogram, confirming bearish momentum. Price is under EMA9, EMA21, EMA50 and EMA200, reinforcing a downtrend, while ADX at 44.53 signals a strong trend and the orderbook shows a 6.9 % sellside imbalance. Short bias.
Market Context: BTC shows a bearish 4hour trend and mixed daily movement, while overall market breadth is broadly negative with 94.5% red assets.
SHORT $SNDKB
SHORT SETUP SNDKB
Entry: $1335.50 - $1336.50
Stop Loss: $1383.00
Take Profit: $1242.00 (2R)
Key Levels: Support $1325.97 | Resistance $1451.71
Technical Analysis for $SNDKB : RSI at 24.53 and Stochastic K near 9 point to oversold conditions, yet the MACD sits at 28.66 with a 4.40 histogram, confirming bearish momentum. Price is under EMA9, EMA21, EMA50 and EMA200, reinforcing a downtrend, while ADX at 44.53 signals a strong trend and the orderbook shows a 6.9 % sellside imbalance. Short bias.
Market Context: BTC shows a bearish 4hour trend and mixed daily movement, while overall market breadth is broadly negative with 94.5% red assets.
SHORT $SNDKB