Honestly, I don’t really understand this move, so I’ll just lay out the data and we can figure it out together. $SNDKB is trading at 859.38, down 14.62% in a day. The 24-hour high was 1,016.8 and the low was 794.03, so the price has already slipped into the lower half.
The most agonizing part is not knowing whether this is an overshoot or just the beginning. The 24-hour trading volume is $93.7 million. Sellers are making their position clear through volume, which is harder to stomach than a slow bleed.
If I had to choose, I’d lean more toward sitting on the sidelines. But if 794.03 doesn’t hold, none of that matters. If it does hold and the price gradually stabilizes, I can always change my mind later.
If 794.03 doesn’t hold, how much further do you think it could fall?
#SNDKB #MarketAnalysis
The most agonizing part is not knowing whether this is an overshoot or just the beginning. The 24-hour trading volume is $93.7 million. Sellers are making their position clear through volume, which is harder to stomach than a slow bleed.
If I had to choose, I’d lean more toward sitting on the sidelines. But if 794.03 doesn’t hold, none of that matters. If it does hold and the price gradually stabilizes, I can always change my mind later.
If 794.03 doesn’t hold, how much further do you think it could fall?
#SNDKB #MarketAnalysis