$SNDK is in the most dangerous bull trap phase right now.
1. Even a 35% bounce is a fake breakout
Price might pump short-term, but don't fall for it. This is just forming a lower high. The rally is distribution in disguise.
2. $1400 is the absolute life-or-death line for bulls
$1400 is where the heaviest chip concentration sits. Once it breaks, there's a massive liquidity vacuum below. Price could easily dump another 35% within weeks.
3. Don't touch it until $800-900 smart money zone
Real institutional accumulation zone is $800-900. Any buy above that is exit liquidity for whales. Better to miss it than to overpay and get wrecked.
4. Even if $1400 holds and bounces to $2000, it's just a dead cat bounce for exit
Best case: support holds and we see a relief rally toward $2000. But once it hits overhead resistance, price will roll over again. Don't baghold hoping for new highs.
Retail is still dreaming of ATHs. The bubble pop phase has already started.
1. Even a 35% bounce is a fake breakout
Price might pump short-term, but don't fall for it. This is just forming a lower high. The rally is distribution in disguise.
2. $1400 is the absolute life-or-death line for bulls
$1400 is where the heaviest chip concentration sits. Once it breaks, there's a massive liquidity vacuum below. Price could easily dump another 35% within weeks.
3. Don't touch it until $800-900 smart money zone
Real institutional accumulation zone is $800-900. Any buy above that is exit liquidity for whales. Better to miss it than to overpay and get wrecked.
4. Even if $1400 holds and bounces to $2000, it's just a dead cat bounce for exit
Best case: support holds and we see a relief rally toward $2000. But once it hits overhead resistance, price will roll over again. Don't baghold hoping for new highs.
Retail is still dreaming of ATHs. The bubble pop phase has already started.