$SNDK is currently trading near $1,403 after a sharp intraday pullback. The immediate focus is whether buyers can defend the $1,350–$1,400 demand area and rebuild momentum.
Key levels: • Support: $1,350–$1,400
• First resistance: $1,460
• Next resistance: $1,520
• Major upside level: $1,600
Trade idea: I would prefer a confirmed reclaim and hold above $1,400 rather than entering during the current sell-off. A strong reaction from support could open the door toward the resistance levels above.
If $1,350 fails decisively, the setup needs to be reassessed rather than forcing a long position.
For me, the key here is simple: confirmation first, position second.
Key levels: • Support: $1,350–$1,400
• First resistance: $1,460
• Next resistance: $1,520
• Major upside level: $1,600
Trade idea: I would prefer a confirmed reclaim and hold above $1,400 rather than entering during the current sell-off. A strong reaction from support could open the door toward the resistance levels above.
If $1,350 fails decisively, the setup needs to be reassessed rather than forcing a long position.
For me, the key here is simple: confirmation first, position second.