High-probability opportunities wait for no one. The market structure for $SNDK is sending a clear signal. On the daily timeframe, price is trading below both the EMA50 and EMA200, with the moving averages in bearish alignment. This isn’t short-term noise—it’s the direction of the trend itself.
I’m seeing weaker volume with each rebound. The cluster of moving averages overhead forms a solid resistance zone, making these rebounds look more like opportunities for bears to take position. Until the structure recovers, the odds of further downside are much higher than those of a reversal. The rationale for this short trade is based on trend momentum.
🔴 Trade direction: Short
📍 Entry range: 1086.68310 – 1092.38685
🛑 Stop loss: 1142.19122
🎯 Take profit 1: 1050.04279
🎯 Take profit 2: 1023.71467
🎯 Take profit 3: 984.22250
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 👇
I’m seeing weaker volume with each rebound. The cluster of moving averages overhead forms a solid resistance zone, making these rebounds look more like opportunities for bears to take position. Until the structure recovers, the odds of further downside are much higher than those of a reversal. The rationale for this short trade is based on trend momentum.
🔴 Trade direction: Short
📍 Entry range: 1086.68310 – 1092.38685
🛑 Stop loss: 1142.19122
🎯 Take profit 1: 1050.04279
🎯 Take profit 2: 1023.71467
🎯 Take profit 3: 984.22250
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 👇