$SNDK From SanDisk’s four-hour chart perspective, this rally that emerged from the prior low area shows a steep slope and full-bodied candles—typical of a fund-driven upswing. The current pullback from the highs is occurring within an ongoing uptrend. In nature, we can first categorize it as a strong consolidation rather than a trend reversal. After the price fell from the high, it has continued to trade above the Bollinger middle band, and the middle band is still rising. As long as the pullback does not break the middle band, the upswing structure has not been damaged. The classic playbook in a strong market is to repeatedly digest floating supply/liquidity between the middle band and the upper band, and then choose a direction. Although price has pulled back, the Bollinger Bands as a whole remain upward and widened, indicating that the volatility foundation for this move is still in place and the bullish channel has not collapsed. The pullback only flattens the upper band, without making the band turn around—this is the most straightforward evidence for judging the character.

Summary: The surge is driven by the main participants, while the pullback reflects market behavior. This SanDisk pullback has been limited, the structure has not broken, and the funding rate outlook is mildly bearish. On the four-hour timeframe, maintain a long bias: treat the pullback as a consolidation within the trend, not as an exit signal.

SanDisk suggestion: go long around 1700, with a target near 1780

$SNDK
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