Opportunities to make money often lie in moments of disagreement, and $SNDK is in exactly that kind of situation right now—some think it has fallen far enough to bounce, but the chart doesn't look nearly as optimistic to me. The daily price is still pinned below both moving averages, each rebound is weaker than the last, and trading volume hasn't picked up either. Given this setup, I'd rather be on the short side.
You may be worried that the price could pull back after moving so far from the moving averages. That's certainly possible, so let's not get greedy: take profits in stages, close half at the first target, and let the rest run. Don't rush to buy the dip before the trend turns.
🔴 Trade direction: Short
📍 Entry range: 830.99019 – 832.13108
🛑 Stop loss: 852.71076
🎯 Take profit 1: 815.69803
🎯 Take profit 2: 805.12297
🎯 Take profit 3: 789.26038
There's no need to chase the prevailing trend; it will come to a stop on its own.
Stand alongside Sister Li, and let every moment leave its mark.
#SNDK
Click below to trade 👇
You may be worried that the price could pull back after moving so far from the moving averages. That's certainly possible, so let's not get greedy: take profits in stages, close half at the first target, and let the rest run. Don't rush to buy the dip before the trend turns.
🔴 Trade direction: Short
📍 Entry range: 830.99019 – 832.13108
🛑 Stop loss: 852.71076
🎯 Take profit 1: 815.69803
🎯 Take profit 2: 805.12297
🎯 Take profit 3: 789.26038
There's no need to chase the prevailing trend; it will come to a stop on its own.
Stand alongside Sister Li, and let every moment leave its mark.
#SNDK
Click below to trade 👇