$SNDK has recorded a notable long liquidation, signaling bullish positions are being forced to exit as sellers regain control. The move reflects increasing bearish pressure and possible further downside.
📊 Market Structure: Bearish Breakdown Attempt
🟢 Support: $1,200 – $1,180
🔴 Resistance: $1,240 – $1,270
⚠️ Key Level: Below $1,200
A confirmed breakdown could extend the decline toward lower support zones.
💡 Pro Tip: Wait for price stabilization before considering a reversal.
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