$SNDK 8.7 Dawn Sandisk 4-hour chart analysis
From the Sandisk 4-hour chart, it can be clearly seen that the overall market has been running within a sustained downtrend channel for a long time. Previously, the price made a small upward probe, briefly piercing the upper rail of the channel and creating the illusion that a reversal to strength was about to happen. This is a typical bull trap, and it did not receive sustained follow-through from capital. Soon after, a wave of liquidation hit, and the price fell back into the channel. The larger downtrend has not been truly broken.
The current mild rebound is only a technical correction after the big drop, not the start of a new bullish trend. The rebound strength is limited, making it difficult to continuously break upward through the channel’s resistance. Heavy sell pressure still exists overhead. #Coldcard被盗币转入混币协议 #日本监管机构吁加密所收紧提现 #伊朗阿曼达成霍尔木兹航线协议
Sandisk midnight trading suggestion: short around 1320-1340, target 1220
From the Sandisk 4-hour chart, it can be clearly seen that the overall market has been running within a sustained downtrend channel for a long time. Previously, the price made a small upward probe, briefly piercing the upper rail of the channel and creating the illusion that a reversal to strength was about to happen. This is a typical bull trap, and it did not receive sustained follow-through from capital. Soon after, a wave of liquidation hit, and the price fell back into the channel. The larger downtrend has not been truly broken.
The current mild rebound is only a technical correction after the big drop, not the start of a new bullish trend. The rebound strength is limited, making it difficult to continuously break upward through the channel’s resistance. Heavy sell pressure still exists overhead. #Coldcard被盗币转入混币协议 #日本监管机构吁加密所收紧提现 #伊朗阿曼达成霍尔木兹航线协议
Sandisk midnight trading suggestion: short around 1320-1340, target 1220