The breakout hasn’t come yet, but the trap is already set. $SNDK is at a rather tricky spot right now. Both the four-hour and hourly trends are pointing down, with the moving averages weighing on price and sellers still in control. The price has fallen a long way, so a short-term bounce would be perfectly normal—but after that, it will most likely continue lower to find support.
Let’s not rush to chase it. It’ll be more comfortable to look for a short after a rebound into the resistance zone. As long as price can’t get back above the moving averages, the bearish structure remains intact, so my outlook is still tilted to the downside.
🔴 Trade direction: Short
📍 Entry zone: 1287.28143 – 1291.15022
🛑 Stop loss: 1334.00568
🎯 Take profit 1: 1255.62343
🎯 Take profit 2: 1233.22851
🎯 Take profit 3: 1199.63611
There’s no need to chase the wind—the wind will eventually settle.
Stand side by side with Sister Li, and let every moment leave an echo.
#SNDK
Click below to trade 👇
Let’s not rush to chase it. It’ll be more comfortable to look for a short after a rebound into the resistance zone. As long as price can’t get back above the moving averages, the bearish structure remains intact, so my outlook is still tilted to the downside.
🔴 Trade direction: Short
📍 Entry zone: 1287.28143 – 1291.15022
🛑 Stop loss: 1334.00568
🎯 Take profit 1: 1255.62343
🎯 Take profit 2: 1233.22851
🎯 Take profit 3: 1199.63611
There’s no need to chase the wind—the wind will eventually settle.
Stand side by side with Sister Li, and let every moment leave an echo.
#SNDK
Click below to trade 👇