๐พ $SNDKUSDT (Sandisk Perp) โ +10% Bounce Off the Lows, Now Testing 936 ๐
Sandisk is at 936.46 (+10.04%) in pre-market, after a sharp bounce from the 828.38 low. Price has reclaimed EMA(7) at 914.71, but it is still well below EMA(25) 1,109 and EMA(99) 1,391, so the bigger trend is still down. RSI(6) recovered to 46, up from oversold. MACD is still negative (DIF -148.01, DEA -141.23), but the gap is narrowing, so selling momentum is fading. The 24h range is 828.38 โ 944.31.
Scenario 1: Bullish continuation ๐ผ
Entry: daily close above 944
Targets: 976, then 1,109 (EMA 25)
Stop-loss: below 905
Scenario 2: Rejection and lower high ๐ป
Entry: rejection near 944โ976 or a close below 915
Targets: 865, then 828
Stop-loss: above 980
The bounce is strong, but price is still under the major EMAs, so it could be a relief rally inside a downtrend. Pre-market moves can reverse fast when the stock market opens. Use low leverage and wait for a daily close before entering.
โ ๏ธ Not financial advice. Use stop-loss, manage risk, DYOR.
#SNDKUSDT #Sandisk #Binance #Futures #TechnicalAnalysis #StockPerps
Sandisk is at 936.46 (+10.04%) in pre-market, after a sharp bounce from the 828.38 low. Price has reclaimed EMA(7) at 914.71, but it is still well below EMA(25) 1,109 and EMA(99) 1,391, so the bigger trend is still down. RSI(6) recovered to 46, up from oversold. MACD is still negative (DIF -148.01, DEA -141.23), but the gap is narrowing, so selling momentum is fading. The 24h range is 828.38 โ 944.31.
Scenario 1: Bullish continuation ๐ผ
Entry: daily close above 944
Targets: 976, then 1,109 (EMA 25)
Stop-loss: below 905
Scenario 2: Rejection and lower high ๐ป
Entry: rejection near 944โ976 or a close below 915
Targets: 865, then 828
Stop-loss: above 980
The bounce is strong, but price is still under the major EMAs, so it could be a relief rally inside a downtrend. Pre-market moves can reverse fast when the stock market opens. Use low leverage and wait for a daily close before entering.
โ ๏ธ Not financial advice. Use stop-loss, manage risk, DYOR.
#SNDKUSDT #Sandisk #Binance #Futures #TechnicalAnalysis #StockPerps