$SNDK : A Potential Short Setup With $1,060 in Focus
SNDK is on my watchlist for a possible bearish move.
SHORT SETUP
Take Profit: $1,060
Stop Loss: $1,145
The scenario depends on sellers maintaining control and price confirming a rejection near resistance.
A sustained decline could bring the $1,060 target into focus, while a recovery toward $1,145 would challenge the bearish thesis.
One key detail is still missing: the entry price. Without it, the risk-to-reward ratio cannot be calculated accurately.
Rather than chasing a move, I'd wait for a clear bearish confirmation and a defined invalidation level.
Would you consider a short here or wait for a failed retest of resistance?
$SNDK
#StockMarket #trading
SNDK is on my watchlist for a possible bearish move.
SHORT SETUP
Take Profit: $1,060
Stop Loss: $1,145
The scenario depends on sellers maintaining control and price confirming a rejection near resistance.
A sustained decline could bring the $1,060 target into focus, while a recovery toward $1,145 would challenge the bearish thesis.
One key detail is still missing: the entry price. Without it, the risk-to-reward ratio cannot be calculated accurately.
Rather than chasing a move, I'd wait for a clear bearish confirmation and a defined invalidation level.
Would you consider a short here or wait for a failed retest of resistance?
$SNDK
#StockMarket #trading
