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The drop in $SNDK wasn’t sudden—those earlier fake breakouts were already giving signals. It looked lively, but the sell-side pressure at the high levels was heavy. Once the buy orders couldn’t hold, the pullback came fast.
I opened this long/short trade around 2095.20. At the time, I wasn’t focused on just a single candlestick; I was watching how quickly the price pulled back after the rally. What really confirmed it for me was that the price repeatedly failed to push back up, and then it was driven all the way down to 1751.33. The changes on the chart were more direct than any argument.
Right now, the profit is showing +790.38%, and the room for fluctuation has opened up. The short side has been realized reasonably well. Here, I won’t expose all the profits on the chart. I’ll take partial profits in batches first, and then keep the remaining small position with a protective stop to see whether the move continues further downward.
A lot of people lose because when the market goes against their expectations, they still refuse to accept it. Trading isn’t about proving you’re right or wrong—it’s about following what the chart is doing. If you missed this leg, don’t chase; wait for a more comfortable position before you enter again.
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