SNDK Long Liquidation Alert
šŸ”“ #SNDK LONGS JUST TOOK ANOTHER HIT āš ļø
A hefty $176K long position was liquidated at $1,688.43, putting short-term bulls on the defensive after SNDK slipped below the $1.7K area.
šŸ’„ Long Liquidation: $176K
šŸ“ Liquidation Price: $1,688.43
šŸ›”ļø First Defense: $1,675–$1,688
āš”ļø Recovery Barrier: $1,709–$1,738
šŸŽÆ Upside Reclaim: $1,750 → $1,790
SNDK closed at $1,704.16 on October 5, while current technical readings show the longer-term trend remains constructive but short-term momentum has weakened. Key technical levels cluster around $1,675–$1,709, with resistance near $1,738 and then $1,792.
šŸ“” SIGNAL DESK VERDICT
This liquidation looks more like a pressure test than a confirmed trend reversal.
🟢 RECOVERY PLAY: If SNDK reclaims $1,710 and then clears $1,738, buyers could attempt $1,790–$1,820.
šŸ”“ BREAKDOWN PLAY: Losing $1,675 would keep sellers in control and expose $1,647, with deeper support around $1,585.
šŸ“Š Bias: Neutral → Bullish above $1,710
šŸ”„ Reclaim: $1,738
šŸŽÆ Upside: $1,790 → $1,820
āš ļø Danger: Below $1,675
šŸ’” Bottom line: The $176K long wipeout shows leverage is being flushed after SNDK's enormous run. The key question now is simple: can buyers reclaim $1,710–$1,738? If yes, this could become a reset before another push higher. If not, expect more volatility.
āš ļø Liquidation data reflects leveraged positioning, not guaranteed direction. Use disciplined risk management.
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