Post

Don't buy in yet.


Now $SNDK 995.89, down 10.12% in 24 hours
I have nothing to do with the money lost in this drop
My signal hasn't lit up: the 22:00 candle had 3.99 million contracts, surged to 1122, and closed at 1098
For the next 21 hours, not a single candle's volume exceeded the average
The last candle was only 0.47 times the average volume
A new low on declining volume: sellers have run out of steam, and buyers haven't shown up
I only take one setup: reclaim the MA20 at 1019 and hold
If it breaks below 991.39 and keeps falling, I won't catch the falling knife
Average volume is 788k contracts; today's volume isn't even half that
Other trades may look tempting, but taking them means becoming someone else's exit liquidity
That's it. 991.39
(Not investment advice. Trade at your own risk)
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SNDKSNDK-0.18%

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Comment 7
L2BridgeBot
I remember that 3.99 million-contract candlestick so vividly; buying in now would be catching a falling knife
BubbleResearcher
Volume fell to 0.47 times average volume, suggesting both bulls and bears are tired and waiting for direction
MEV_Meme_Lord
For 1019, the MA20 is the line between life and death. If it can't hold, just sit back and watch
CryptoMusician
Volume is less than half the average; liquidity is drying up. Stay flat and drink tea
AmplitudeSeatbelt
Wait for it to reclaim 1019 before entering on the right side; leave bottom-fishing on the left side to the brave
FarmGardener
This analysis is so level-headed; the community needs more of this non-FOMO perspective
LightningTraveler
Disciplined, waiting for a signal is better than losing money.