Down -15% on 2.4x normal volume. SNDKB just flashed a warning sign that every trader needs to see.
$101M in volume on a single day for a token this size is not normal. This is either capitulation or the beginning of something worse. The answer determines your next move.
📉 The Damage Report:
RSI at 40.9 is bearish but not yet at full oversold. Price crashed through both SMA7 and SMA25 on the 4H chart. MACD is deeply negative on the daily. Volume surge of this magnitude typically means large holders are exiting — not accumulating.
📋 Approach:
→ Wait for volume to normalize
→ Watch $1,150 as the next critical support
→ Only consider longs with a confirmed reversal candle on 4H
This is not a buy-the-dip situation. It is a wait-and-see situation. Patience pays.
Have you ever caught a knife like this? How did it end? 💬
#SNDKB #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.
$101M in volume on a single day for a token this size is not normal. This is either capitulation or the beginning of something worse. The answer determines your next move.
📉 The Damage Report:
RSI at 40.9 is bearish but not yet at full oversold. Price crashed through both SMA7 and SMA25 on the 4H chart. MACD is deeply negative on the daily. Volume surge of this magnitude typically means large holders are exiting — not accumulating.
📋 Approach:
→ Wait for volume to normalize
→ Watch $1,150 as the next critical support
→ Only consider longs with a confirmed reversal candle on 4H
This is not a buy-the-dip situation. It is a wait-and-see situation. Patience pays.
Have you ever caught a knife like this? How did it end? 💬
#SNDKB #DYOR
⚠️ Not financial advice. Always do your own research and manage risk.