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$SNDK Surging 10% in 24 hours to break 1740, but volume of 22.9 billion looks like someone is dumping everything! Both longs and shorts are gambling with their lives, and I’m watching the charts till my hands shake:
Bullish reasons:
1. From 1494 to 1742, the main force’s control is obvious—this kind of elastic coin tends to go wild.
2. The 24-hour turnover rate is extremely high, indicating market heat is passing the baton and short-term funds haven’t fled.
3. Once it breaks through the previous high on volume, 1900 is the next target.
Bearish reasons:
1. 1742 is the short-term ceiling—multiple failed attempts show massive selling pressure.
2. Up 10% but with extremely low leverage—this rally looks like a pump and dump.
3. Futures open interest is dropping—smart money is quietly closing longs.
My strategy: Don’t chase near the current price. Wait for a pullback to around 1650 to try a small long, stop loss at 1600, first target 1780, position size no more than 20%. Don’t panic if it crashes; missing out feels worse.
If it can rise, tap 1; if it’s going to crash, tap 2.