24-hour plunge of 15%, crashing from 2351 to 1955, with a daily trading volume of 1.26 billion USD, someone was taken away on this $SNDK gambling table, while others are bottom-fishing. If you rush in now, are you trying to be the smart money or the bagholder?

The bullish camp says: First, this level is a strong support zone within the past month, with multiple rebounds around 1955, and the technical traders are already placing orders; second, the daily chart is severely oversold, RSI has dropped to 28, and the short-term rebound probability exceeds 60%; third, the massive volume indicates thorough turnover, and if the main force really wanted to dump, they wouldn’t create such high liquidity at the low levels.
The bearish camp is not empty-handed either: First, after breaking below the 2000 psychological level, there is no clear support below, with the next psychological level at 1800; second, from the high of 2351 in 24 hours, it has been leaking all the way down, with no decent rebound, and the bears are fully in control, bottom-fishing is like grabbing a flying knife; third, a decline of over 15% in a day, in the crypto world’s volatility, a low open the next day is common.
My personal trading discipline: if you want to bet on a rebound, set your stop-loss below 1940, and exit if it breaks, don’t hold on. First target is 2050, with no more than 20% position. If you prefer shorting, wait for the rebound to the 2020-2030 range to enter, with a stop-loss at 2080, and target 1900. This level is difficult for both bulls and bears, a battle of gods, retail investors suffer.
My only label has always been — a veteran crypto trader, no calls, only ideas. Let the data speak, profits and losses are your own responsibility.
If it can rise, deduct 1; if it’s about to collapse, deduct 2.