Stay calm beneath the surface turbulence. With $SNDK , the current market setup makes me lean bearish. Both the daily and four-hour charts are trading below the moving averages, and the one-hour chart is weakening too. When all three timeframes point in the same direction, I generally don't go against the structure. You might ask: doesn't the one-hour RSI still show buying momentum?
That's right, so I'm in no rush to chase the market. I'll wait for a rebound into the upper range and then see whether it finds enough support. If volume doesn't pick up and the rebound is weak, the odds of a move lower are greater. At this point, a small short position is the more prudent approach. Don't mistake a short-term bounce for a trend reversal.
🔴 Trade direction: Short
📍 Entry range: 1119.24534 – 1125.71782
🛑 Stop loss: 1191.23153
🎯 Take profit 1: 1070.91912
🎯 Take profit 2: 1036.54415
🎯 Take profit 3: 984.98169
No need to chase the prevailing trend; it will come to a halt in its own time.
Stand alongside Sister Li, and let every moment resonate.
#SNDK
Click below to trade 👇
That's right, so I'm in no rush to chase the market. I'll wait for a rebound into the upper range and then see whether it finds enough support. If volume doesn't pick up and the rebound is weak, the odds of a move lower are greater. At this point, a small short position is the more prudent approach. Don't mistake a short-term bounce for a trend reversal.
🔴 Trade direction: Short
📍 Entry range: 1119.24534 – 1125.71782
🛑 Stop loss: 1191.23153
🎯 Take profit 1: 1070.91912
🎯 Take profit 2: 1036.54415
🎯 Take profit 3: 984.98169
No need to chase the prevailing trend; it will come to a halt in its own time.
Stand alongside Sister Li, and let every moment resonate.
#SNDK
Click below to trade 👇