Mar. 8 at 2:11 AM
$SDA just printed a -22% candle after spiking to
$2.32 on the 8h.
Classic pump-rejection into heavy supply at
$2.50–
$3.00. RSI went overbought and rolled immediately.
Bear case: this was the trap. Back to
$2.00–
$2.09 support at minimum. Lose that →
$1.75, then we're talking about retesting all-time lows near
$1.50.
Bull case: hold
$2.00–
$2.09 green zone, consolidate, and retest
$2.50 with volume. Only then does a move toward
$4.15 become credible.
Downtrend from
$6.71 is still intact. Rising wedge base is constructive but needs TIME, not a vertical spike.
Not a chase. Watch the
$2.00 level closely.
#SDA #hovdid
