SNDK is poised for a significant move after breaking out of its market structure, with a strong confluence of signals pointing to a long opportunity. The current price action is setting up for a potential bull run, with key levels now in play.
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🟢 SNDK LONG 📈
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📍 Entry Range: $1,440.43 – $1,443.31
🛑 Stop Loss: $1,398.61 (-3.0%)
🎯 TP1: $1,463.50 (+1.5%)
🏆 TP2: $1,513.96 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 91%
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The CHoCH signal fired as SNDK broke out of its recent range, and volume is confirming direction with the CVD signal, while the FVG and OB are creating a high-probability zone for continuation. This setup is further reinforced by the POI confluence, where the OB and FVG overlap, making this zone a critical area for bulls to hold. The structure suggests a clear path forward for SNDK, with these signals aligning in favor of the long trade.
With a 3.0% stop loss, this trade has a relatively tight risk profile, suitable for higher leverage, around 3-4x, to maximize returns while keeping overall risk in check.
Taking partial profits at the first target point could be a prudent move, as it allows for the realization of some gains while still keeping a portion of the position open to ride out any further upside in SNDK.
Not financial advice — always manage your own risk 🙏
#SNDK #AKE #TradingSignals #Write2Earn