SNDK has flared up again recently! After the previous round of the 2400 breakout attempt failed to make it, the market slid all the way down, with the lowest pullback reaching around the 1310 area, offering more than 1000 points of pullback space. For this leg of decline, Zhu Wei also warned everyone quite early—mainly due to developments on the Korean side. This Monday, stocks rebounded, and the market also saw another strong stretch higher.

The current SNDK market is still mainly focused on probing the breakout level. Today, several attempts to push up to 1650 were rejected and prices fell back. The intent is very clear: to prevent the bulls from returning and to let the market churn. On the daily timeframe, it’s easy to see that after the move from the lower band, the price stretched upward. Now the coin price has reached the middle band level; then the market briefly stalled and pulled back. At this stage, the main focus is testing the effectiveness of pressure at this level. In the future, whether this level breaks or not will determine how fast the bulls can return. Combined with recent market sentiment and environmental factors, the short-term rebound sentiment is high—so we can also follow the momentum to take a long position. Remember: market volatility varies with the market, but if we do proper risk management, we can avoid problems caused by instability in market sentiment.

Long in the SNDK 1580-1550 range, target 1760. Breakout to 1950.
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