🔥 SNDK
📌 Event Details:
• Event Type: Short Liquidation
• Volume Liquidated: $4.5189K
• Trigger Price: $1481.62
🎯 Trade Setup:
• Entry Zone: $1475.00 - $1481.62
• TP1: $1520.00
• TP2: $1560.00
• Stop-Loss (SL): $1450.00
📊 Market Analysis:
The sudden elimination of short positions at this critical threshold triggered an aggressive cascading reaction through the order book as trapped sellers were forced to buy back assets. This swift liquidity sweep above resistance cleared resting sell orders and established a firm foundation for upward price momentum. Sustained volume absorption near this pivotal structure heavily favors a continuation toward higher liquidity pools as market participants chase the breakout.
🛡️ Risk Management: Allocate no more than 2% of total spot capital to this setup to effectively manage downside exposure.
