$SNDKB /BUSDT: The bounce is here… but is it a trap? 👀
The price has bounced strongly from the 1714.92 low and is now trading around 1724.64.
However, MA60 is at 1729.97, meaning the price is still below a major moving average.
📌 Reclaiming the 1728–1730 zone could provide bullish confirmation.
📉 If the price gets rejected here, we could see another test of 1719–1715.
For now, waiting for confirmation instead of chasing the move looks like the smarter approach. 🔥
The price has bounced strongly from the 1714.92 low and is now trading around 1724.64.
However, MA60 is at 1729.97, meaning the price is still below a major moving average.
📌 Reclaiming the 1728–1730 zone could provide bullish confirmation.
📉 If the price gets rejected here, we could see another test of 1719–1715.
For now, waiting for confirmation instead of chasing the move looks like the smarter approach. 🔥