Don't let the obvious signals throw you off—the underlying current is the real story. $SNDK Both the daily and four-hour charts are pointing down. When two timeframes align like this, I generally don't trade against them. You may be wondering: can you still chase the move when it's oversold?
My view is that oversold conditions only mean a rebound could come at any time; they don't mean the trend is about to reverse. A rebound is more like room for bears to regroup. The key is whether it has any volume left when it reaches the resistance zone. Until the structure turns, I'd rather follow the broader trend and wait for the rebound to lose steam than rush to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 886.76591 – 893.87050
🛑 Stop loss: 978.73125
🎯 Take profit 1: 824.00842
🎯 Take profit 2: 779.80190
🎯 Take profit 3: 713.49212
No need to chase the winds of change; they will settle in on their own.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#SNDK
Click below to trade 👇
My view is that oversold conditions only mean a rebound could come at any time; they don't mean the trend is about to reverse. A rebound is more like room for bears to regroup. The key is whether it has any volume left when it reaches the resistance zone. Until the structure turns, I'd rather follow the broader trend and wait for the rebound to lose steam than rush to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 886.76591 – 893.87050
🛑 Stop loss: 978.73125
🎯 Take profit 1: 824.00842
🎯 Take profit 2: 779.80190
🎯 Take profit 3: 713.49212
No need to chase the winds of change; they will settle in on their own.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#SNDK
Click below to trade 👇