Post
Bearish

Explosive! $SNDK The big players’ cards are laid bare: whale shorts are closing in—don’t rush to buy the dip!



Liquidity is where the blade falls. Right now, SNDK bulls are just fuel for the big players.

Looking at the charts, big players have been net sellers over the past hour. 576 whale short addresses are sitting on over 24 million U in unrealized profits, and the long/short ratio is extremely skewed. The current price is 884, while a cluster of long liquidations sits in the 813–855 range, totaling nearly 30 million U. Short liquidations above at 994 are much smaller.

With the Fed hawkish and nonfarm payrolls exceeding expectations, the odds of a December rate hike have surged to 77%. The broader environment is draining liquidity, and squeezing shorts would cost the big players too much right now. Shorting longs to capture liquidity is the trade with the wind at their backs.

Personal view: Don’t be fooled by “support” at 850. The bulls haven’t built any defense there. Once longs around 855 are liquidated, it could trigger a cascading sell-off.

Trading suggestion: Aggressive traders can short at the current price; more conservative traders can wait for a rebound to 890–900 and try a small short position, with 855 as the initial target.

For the latest entry levels and stop-loss prices, or help getting out of a losing position, @老张说趋势 stay tuned

#美国10月CPI即将公布 #韩股涨超5%
View Original
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
SNDKSNDK-0.18%


Add a comment
Add a comment

Comment
No comments