Man, looking at this $SNDK chart on Binance and it’s just brutal. Down over 21% in a week? Sheesh.
Not gonna lie, I was watching that bounce around 850 earlier but it looks weak. We had a nice little run up to the 920s but it got slapped right back down. Honestly, catching this falling knife feels like a terrible idea right now.
If it can’t hold this 860 area, I’m expecting a flush straight back to the 800 psychological level. I might look for a quick scalp long if we get a clean wick down to 810-820 with a tight stop under 790, but otherwise, I’m sitting on my hands.
Look, a 45% drop in 30 days means the trend is heavy. Don't force it.
What are you guys doing here? Waiting for a bottom or just avoiding this mess entirely?
Not gonna lie, I was watching that bounce around 850 earlier but it looks weak. We had a nice little run up to the 920s but it got slapped right back down. Honestly, catching this falling knife feels like a terrible idea right now.
If it can’t hold this 860 area, I’m expecting a flush straight back to the 800 psychological level. I might look for a quick scalp long if we get a clean wick down to 810-820 with a tight stop under 790, but otherwise, I’m sitting on my hands.
Look, a 45% drop in 30 days means the trend is heavy. Don't force it.
What are you guys doing here? Waiting for a bottom or just avoiding this mess entirely?
