🚨 $SNDK PULLBACK TO KEY 1H MOVING AVERAGE SUPPORT — TRADE SETUP 🚀
$SNDK (Sandisk) is experiencing a minor pullback after spiking to a 24h high of $1,908.69, trading around $1,856.53 (-1.42%). On the 1H chart, price action has retraced to retest dynamic support near the MA25 ($1,880.07) and key structure levels around $1,850.00. The 1H RSI(6) has cooled down significantly to 34.43, approaching oversold conditions and opening up a clean risk-to-reward setup for a potential rebound.
I believe a support bounce is forming! Why? The impulsive rally off $1,738.57 established strong bullish momentum. This orderly retracement allows RSI to reset back toward ~34 while price holds above the crucial 1H MA99 baseline ($1,803.87).
🎯 ACTIONABLE TRADE SETUP:
Long Entry Zone: $1,845.00 – $1,860.00 (Accumulate near local support retest)
Take Profit 1 (TP1): $1,885.00 (1H MA7 Dynamic Resistance Retest)
Take Profit 2 (TP2): $1,910.00 (24h High Resistance Breakout Target)
Stop Loss (SL): $1,815.00 (Strict Risk Management below 1H MA99 support floor)
🗳️ What is your trade plan on $SNDK today?
$SNDK (Sandisk) is experiencing a minor pullback after spiking to a 24h high of $1,908.69, trading around $1,856.53 (-1.42%). On the 1H chart, price action has retraced to retest dynamic support near the MA25 ($1,880.07) and key structure levels around $1,850.00. The 1H RSI(6) has cooled down significantly to 34.43, approaching oversold conditions and opening up a clean risk-to-reward setup for a potential rebound.
I believe a support bounce is forming! Why? The impulsive rally off $1,738.57 established strong bullish momentum. This orderly retracement allows RSI to reset back toward ~34 while price holds above the crucial 1H MA99 baseline ($1,803.87).
🎯 ACTIONABLE TRADE SETUP:
Long Entry Zone: $1,845.00 – $1,860.00 (Accumulate near local support retest)
Take Profit 1 (TP1): $1,885.00 (1H MA7 Dynamic Resistance Retest)
Take Profit 2 (TP2): $1,910.00 (24h High Resistance Breakout Target)
Stop Loss (SL): $1,815.00 (Strict Risk Management below 1H MA99 support floor)
🗳️ What is your trade plan on $SNDK today?
🟢 Long Position
🔴 Short Position
🍿 Limit Order l
9 hr(s) left