$SNDK preparing to short.



The current price is moving in a flag pattern near the resistance level, and OI is also cooling off. I think there may be a quick mean-reversion short-term opportunity here. For the entry, watch the 1621.7 to 1629.8 range. Take profit at 1546.68 and 1483.42, and place the defense at 1678.69.

But be careful about the risk: the 1-hour uptrend is still very strong, and the short position could fail at any time. Also keep an eye on $MU and $SOXL for potential bearish opportunities. Never go all-in—control your position size.
SNDK-1.42%
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