The BTW strategy setup shared earlier played out as expected, and profits from this move are already locked in. Volume expansion and the reversal are moving in sync, and $SNDK the chart structure is starting to send a signal. Volume has tapered off at each stage of the rebound, while overhead selling pressure remains firm. This kind of price-volume divergence often means the recovery is nearing its end.
Repeated attempts to test key levels have failed, suggesting limited buying support. Structurally, this looks more like a continuation of the downtrend than a bottom. I’m watching for the move to continue after the rebound runs out of steam—not trying to call the top. As long as price remains below the resistance zone, the bearish thesis holds, and any rebound is an opportunity to position.
🔴 Trade direction: Short
📍 Entry range: 1354.1 – 1398.1
🛑 Stop loss: 1420.1
🎯 Take profit 1: 1310.1
🎯 Take profit 2: 1270.1
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#SNDK
Click below to trade 👇
Repeated attempts to test key levels have failed, suggesting limited buying support. Structurally, this looks more like a continuation of the downtrend than a bottom. I’m watching for the move to continue after the rebound runs out of steam—not trying to call the top. As long as price remains below the resistance zone, the bearish thesis holds, and any rebound is an opportunity to position.
🔴 Trade direction: Short
📍 Entry range: 1354.1 – 1398.1
🛑 Stop loss: 1420.1
🎯 Take profit 1: 1310.1
🎯 Take profit 2: 1270.1
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#SNDK
Click below to trade 👇