I'm watching a potential LONG on $SNDK
Entry: $1,565–$1,570 after confirmation
TP: $1,580 / $1,600
SL: $1,548
You know what catches my attention?
SNDK has dropped sharply from above $1,610 toward the $1,546 support area. Now price is trying to stabilize around $1,555.
Here's the opportunity I'm watching.
The sell-off has slowed near the lows, but buyers still need to prove themselves. If price reclaims $1,565 with stronger buying volume, it could trigger a relief bounce as short sellers take profits.
The first target is $1,580, followed by $1,600 if momentum builds.
The key is a market-structure shift not simply buying because the price has fallen.
If $1,546 breaks decisively, I'll abandon the LONG idea. Until resistance is reclaimed, patience is the better trade.
Entry: $1,565–$1,570 after confirmation
TP: $1,580 / $1,600
SL: $1,548
You know what catches my attention?
SNDK has dropped sharply from above $1,610 toward the $1,546 support area. Now price is trying to stabilize around $1,555.
Here's the opportunity I'm watching.
The sell-off has slowed near the lows, but buyers still need to prove themselves. If price reclaims $1,565 with stronger buying volume, it could trigger a relief bounce as short sellers take profits.
The first target is $1,580, followed by $1,600 if momentum builds.
The key is a market-structure shift not simply buying because the price has fallen.
If $1,546 breaks decisively, I'll abandon the LONG idea. Until resistance is reclaimed, patience is the better trade.