$SNDK The 5M timeframe shows a range compression following a strong rejection, often a sign before some expansion moves.
• Multiple candlesticks holding above the support zone at 1,683 indicate buyers are absorbing sell pressure.
• Recently, there was a liquidity sweep below support followed by a recovery, suggesting it could be a trap for late sellers.
• The risk-reward ratio remains attractive with a tight stop and nearby breakout targets.
• A clean move above 1,686 could trigger a continuation momentum towards the liquidity zone at 1,690–1,695.
• Multiple candlesticks holding above the support zone at 1,683 indicate buyers are absorbing sell pressure.
• Recently, there was a liquidity sweep below support followed by a recovery, suggesting it could be a trap for late sellers.
• The risk-reward ratio remains attractive with a tight stop and nearby breakout targets.
• A clean move above 1,686 could trigger a continuation momentum towards the liquidity zone at 1,690–1,695.