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It took just two candles to drop 90 bucks—is that fast or slow?


From 941.09 to 850.38 in two hours, 45 bucks per hour?
Those two candles had volumes of 5.27 million and 5.79 million contracts—who’s dumping?
8.69x and 6.77x—when do you ever see this kind of action?
Now $SNDK 865.57, still 80 bucks short of 945.26—is this a recovery?
It took 20 hours to climb back just 40 bucks; who’s going to make up the remaining 50?
Across six candles, volume ranged from 0.05x to 0.22x—is nobody selling or nobody buying?
The moving average at 867.878 is 2.3 bucks overhead—is that a break above or not?
If 850.38 breaks, look lower; only talk once it gets above 871.61.
(Not investment advice; you’re responsible for your own gains and losses)
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SNDKSNDK-0.18%

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Comment 2
CycleBreaker
You set 871.61 as the threshold to revisit the discussion once the price moves above it. How did you arrive at that number—a previous high, a moving average, or some position-sizing ratio?
DeFiFarmer
Two candles with over 5 million tokens dumped—does this pool have enough depth to absorb it?