🚹 SNDK SHORTS UNDER PRESSURE! 🚹

🟱 $246K Short Liquidated
đŸ’„ Liquidation Price: $1,795.14

A sizable short position just got wiped out — a clear sign that leveraged bears are being forced out as price pushes higher.

📊 Market Context
SNDK is currently trading around the $1.73K–$1.74K area, while derivatives data shows substantial liquidation activity. Recent 24H data records roughly $565K in short liquidations, highlighting elevated volatility and aggressive positioning.

🎯 My Market Read
The liquidation itself is bullish momentum evidence, not a guaranteed reversal signal.

If price reclaims $1,795 → $1,850 could become the next zone to watch.

⚠ If SNDK fails to hold the current range and slips back below nearby support, the squeeze can fade quickly and a deeper retracement becomes possible.

đŸ”„ Key takeaway: Watch $1,795 closely. A clean breakout with volume could attract another wave of short covering.

Not financial advice. Manage leverage and risk carefully.

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