The ACE strategy shared earlier has already taken profit in the previous round. A price anomaly has appeared, but whether it can be confirmed is what matters. The current rebound in $SNDK is still one that needs confirmation. Looking at the moving averages, the daily chart down to the 1-hour chart is bearish across the board, and the price has been consistently under pressure. At times like this, no matter how strong the rebound is, it’s only making room for the bears. Volume hasn’t followed through, which suggests buyers lack conviction, while layers of resistance loom overhead.
I’m inclined to treat this kind of bounce as an opportunity to position, not a signal that the trend has reversed. Until the structure recovers, further downside is more likely. Just keep an eye on the key levels, and don’t let a short-term move into the green throw you off course.
🔴 Trade direction: Short
📍 Entry range: 863.92265 – 865.50793
🛑 Stop loss: 895.96895
🎯 Take profit 1: 841.27505
🎯 Take profit 2: 825.64822
🎯 Take profit 3: 802.20796
There’s no need to chase the trend; the tide will turn in its own time.
Stand alongside Sister Li, and let every moment leave an echo.
#SNDK
Click below to trade 👇
I’m inclined to treat this kind of bounce as an opportunity to position, not a signal that the trend has reversed. Until the structure recovers, further downside is more likely. Just keep an eye on the key levels, and don’t let a short-term move into the green throw you off course.
🔴 Trade direction: Short
📍 Entry range: 863.92265 – 865.50793
🛑 Stop loss: 895.96895
🎯 Take profit 1: 841.27505
🎯 Take profit 2: 825.64822
🎯 Take profit 3: 802.20796
There’s no need to chase the trend; the tide will turn in its own time.
Stand alongside Sister Li, and let every moment leave an echo.
#SNDK
Click below to trade 👇