The XAU strategy I shared earlier has now successfully taken profit this round. The more obvious the signs of accumulation, the more inclined I am to side with the bears in the supply zone. $SNDK On the four-hour chart, rebound volume continues to contract, and the moving averages overhead have not been decisively broken. Structurally, this looks more like a bearish continuation than a reversal. Repeated tests of key levels without a sustained hold suggest limited buying support.
The risk-reward ratio is favorable here. The closer the rebound gets to the resistance zone, the more worthwhile it is to build short positions; the downside potential is clearer than the upside risk. Don’t panic if price spikes in the short term—that simply offers bears a better entry.
🔴 Trade direction: Short
📍 Entry range: 1180.1 – 1210.1
🛑 Stop loss: 1220.1
🎯 Take profit 1: 1156.1
🎯 Take profit 2: 1100.0
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 👇
The risk-reward ratio is favorable here. The closer the rebound gets to the resistance zone, the more worthwhile it is to build short positions; the downside potential is clearer than the upside risk. Don’t panic if price spikes in the short term—that simply offers bears a better entry.
🔴 Trade direction: Short
📍 Entry range: 1180.1 – 1210.1
🛑 Stop loss: 1220.1
🎯 Take profit 1: 1156.1
🎯 Take profit 2: 1100.0
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 👇