The drop of
$SNDKB last night—has it been enough to wake up your brothers from their dream, or is it the classic bear trap to wipe out all the newbies’ orders?
Looking at the electronic board right now, you can see the price is 1434$ and a lot of people are shaking. In reality, the selling side is completely in control in the short term. Just look at the technical data to see why it can’t PUMP immediately:
🔹 On the 15-minute chart: The price is below both the MA(20) at 1444$ and the EMA(9) at 1442$. This is the nearest resistance level—every time buying pressure touches this zone, it gets pushed back again.
🔹 On the 1-hour chart: It’s not any better. MA(20) is capping at 1450$, and EMA(9) at 1443$. The Short side is tightly controlling this supply zone; any attempt to rebound is getting blocked before it can even reach the 1450$ mark.
From a practical, trade-by-trade perspective, the market is in a waiting state for confirmation from money flow. If the price fails to close above the 1445$ zone, it’s highly likely that selling pressure will continue to push
$SNDKB to retest deeper supports.
Here is the personal setup I’m considering for this position:
🎯 Position: SHORT.
🎯 Entry zone: Wait for a mild pullback/retrace around 1440 - 1443$.
🎯 Take profit (TP): The closest target is 1410$, and further out is 1395$.
🎯 Stop loss (SL): Place it above the 1455$ zone to stay safe if the buying side suddenly flips.
I see many brothers still trying to catch a falling knife in this price area— is this a “high-risk, high-reward” strategy, or are you basically committing self-destruction? What position are you holding on this coin?
#Crypto #Trading #SNDKB
Note: This is my personal viewpoint, not investment advice. Trading always comes with risk (DYOR).