$SNDK 🎯 Massive Buy-Side Volume on
$SNDK at 2.6x
- With this 2.6x volume spike and bullish indicators, this surge is likely caused by smart money accumulation or a liquidity sweep ahead of a new move 🚀. However, because price is so close to the last swing high and resistance, there is a real risk of a temporary pullback or manipulation before further upside.
- My ideal setup would be to wait for a retrace toward 1956–1941 or even as low as 1929. If price holds and shows a bullish reversal candle or strong buying pattern on lower timeframes, I would look to enter a long around these levels, aiming for 2038 first, then 2046 as the first two profit targets.
- Entry: Look for confirmation in the 1956–1941 or 1929 area (for example, a bullish engulfing or pin bar on the 5m chart, or a clear stop run with quick recovery).
- Take-Profit 1: 2038
- Take-Profit 2: 2046
- Place your stop-loss below the swing low of the move, or below the 1861 level if you’re aiming for a wider stop.
- If price breaks and sustains above 2046 with strong volume, consider a breakout continuation long, targeting the next psychological level above (like 2080+), but only if you see no signs of exhaustion.
- If price fakes out above 2046 and quickly reverses, avoid chasing—wait for a deep retrace to support.
📝 This is not investment advice, only an educational analysis to help you understand how to trade around extreme volume events and price action!
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