$SNDK /USDT — Highs keep moving lower; weak rebounds favor shorting with the trend
Current price: 1,331.78. Price has fallen steadily from 1,520, with each rebound making a lower high and each trough setting a new low—a classic downtrend structure. Rebounds are on declining volume while sell-offs are on rising volume, indicating weak buying support and persistent selling pressure. The 1,360–1,370 area is forming short-term resistance. Until price holds above it, every rebound is an opportunity to short.
Direction: Short
Entry: 1,345–1,350
Take-profit 1: 1,320・Take-profit 2: 1,300・Take-profit 3: 1,280
Stop-loss: 1,375
Rationale: The trend is down, so don’t try to call a bottom or buy the dip. “It’s fallen a lot” is not a reason to go long; following the trend is safer until there’s a reversal signal. If price holds above the stop-loss level, that signals short-term strength—exit promptly and accept the loss rather than holding on.#Binance
Current price: 1,331.78. Price has fallen steadily from 1,520, with each rebound making a lower high and each trough setting a new low—a classic downtrend structure. Rebounds are on declining volume while sell-offs are on rising volume, indicating weak buying support and persistent selling pressure. The 1,360–1,370 area is forming short-term resistance. Until price holds above it, every rebound is an opportunity to short.
Direction: Short
Entry: 1,345–1,350
Take-profit 1: 1,320・Take-profit 2: 1,300・Take-profit 3: 1,280
Stop-loss: 1,375
Rationale: The trend is down, so don’t try to call a bottom or buy the dip. “It’s fallen a lot” is not a reason to go long; following the trend is safer until there’s a reversal signal. If price holds above the stop-loss level, that signals short-term strength—exit promptly and accept the loss rather than holding on.#Binance