One closed hour traded 9.76x its own 20-hour average volume. That is the number that matters today.
SNDKB is +11.15% on the day and printing 1531.88, above every resistance the 4h chart had mapped. The 1h close sits at 88.8% of its range, and the 9/21/50 EMAs are stacked bullish on 15m, 1h and 4h. Buyers arrived inside a single hour and did not stop.
1490.12 is where $SNDKB is decided now - 21 measured touches on the 4h, and price is finally above it. Old resistance has to become support. Invalidation is 1430.71, a level with 30 touches. Below that this is a spike, and the real floor is 1360.07, touched 86 times on the 15m.
The uncomfortable part: the daily is still bearish. 9<21<50 on the 1d, RSI 49.7, and price sits at 27.8% of the 971.47-2376.19 range. The last closed 4h candle traded 0.39x its average volume. One violent hour is not sustained participation.
$BTC and $ETH are not printing 9.76x volume hours. This is a single-name event, not a market bid.
Do you take the breakout, or wait for 1490.12 to hold from above?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
SNDKB is +11.15% on the day and printing 1531.88, above every resistance the 4h chart had mapped. The 1h close sits at 88.8% of its range, and the 9/21/50 EMAs are stacked bullish on 15m, 1h and 4h. Buyers arrived inside a single hour and did not stop.
1490.12 is where $SNDKB is decided now - 21 measured touches on the 4h, and price is finally above it. Old resistance has to become support. Invalidation is 1430.71, a level with 30 touches. Below that this is a spike, and the real floor is 1360.07, touched 86 times on the 15m.
The uncomfortable part: the daily is still bearish. 9<21<50 on the 1d, RSI 49.7, and price sits at 27.8% of the 971.47-2376.19 range. The last closed 4h candle traded 0.39x its average volume. One violent hour is not sustained participation.
$BTC and $ETH are not printing 9.76x volume hours. This is a single-name event, not a market bid.
Do you take the breakout, or wait for 1490.12 to hold from above?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.