SNDK 1648: From the 1680 peak, the pullback didn’t even manage to break into a trough. The order book depth has revealed the bottom cards: on the buy side for the 20 levels there were 219 shares, while on the sell side there were only 19 shares. The 11:1 disparity—once active sell orders came crashing down, they were all sucked dry by the buy wall. With both the four-hour and daily charts showing UP (bullish), the funding rate has been 8 consecutive negatives. Even if the shorts are lying there, they still have to pay rent to the longs—the fuel is getting stockpiled thicker and thicker. Enter near 1613, first target 1680, stop loss 1542.