The final trading window won’t wait, and the chart structure for $SNDK is sending a clear signal. The moving averages on the daily, four-hour, and one-hour charts are all aligned bearishly. With this multi-timeframe confluence, the price center of gravity continues to move lower, and any rebound looks more like an opportunity for bears to take the lead. The four-hour RSI is below the midpoint, with no sign that selling momentum is fading, and volume shows no increase in buying support.
The cluster of moving averages overhead is acting as resistance. I favor following the trend and looking to sell short when a rebound loses momentum, rather than trying to call a bottom. Until the structure breaks down, the direction is clear.
🔴 Trade direction: Short
📍 Entry range: 857.90531 – 861.72608
🛑 Stop loss: 906.50243
🎯 Take profit 1: 824.80066
🎯 Take profit 2: 801.45729
🎯 Take profit 3: 766.44225
Take in the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SNDK
Click below to trade 👇
The cluster of moving averages overhead is acting as resistance. I favor following the trend and looking to sell short when a rebound loses momentum, rather than trying to call a bottom. Until the structure breaks down, the direction is clear.
🔴 Trade direction: Short
📍 Entry range: 857.90531 – 861.72608
🛑 Stop loss: 906.50243
🎯 Take profit 1: 824.80066
🎯 Take profit 2: 801.45729
🎯 Take profit 3: 766.44225
Take in the vastness of mountains and seas; observe the market’s subtleties.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SNDK
Click below to trade 👇