$SNDK Everyone is waiting for a breakout—yet I’m going to check a pullback first #美加关税战升级
SanDisk rallied from around 1450 all the way back to 1750. Recently, this huge-volume bullish candle really reignited short-term sentiment.
Now many people are starting to watch the prior high at 1826, worrying that once the price breaks out, they’ll completely miss the move.
But the current price is already inside the heavy supply/liquidity zone packed with trapped shares between 1750 and 1826.
The closer you get to the prior high, the heavier the profit-taking pressure overhead.
If you chase in here, the upside with certainty isn’t that large—while a fast downward washout could happen at any time.
Instead of simply betting on a breakout, I’d rather see the price pull back first to 1720—1700.
This is the first area of support after a big bullish breakout, and it’s also the place to judge whether the capital has truly taken over.
If the pullback happens on reduced volume, and then volume expands again to reclaim 1750, it would indicate that sell pressure is being absorbed.
With this kind of structure, challenging 1800—1826 will have a much higher chance of success.
If volume helps the price hold above 1826, then later we can look at 1880—1950.
But if 1700 can’t be defended, the price could return to the consolidation range of 1650—1620.
Being bullish doesn’t mean you must chase from any point.
Before the breakout, washing out a batch of impatient “get in now” positions is actually more favorable for continued upside.
#沙特南部能源设施遇袭停运
The most comfortable opportunities are often not the hottest big bullish candle driven by emotion—but rather after a pullback, once it’s confirmed that it can’t fall anymore $MU $SKHYNIX
SanDisk rallied from around 1450 all the way back to 1750. Recently, this huge-volume bullish candle really reignited short-term sentiment.
Now many people are starting to watch the prior high at 1826, worrying that once the price breaks out, they’ll completely miss the move.
But the current price is already inside the heavy supply/liquidity zone packed with trapped shares between 1750 and 1826.
The closer you get to the prior high, the heavier the profit-taking pressure overhead.
If you chase in here, the upside with certainty isn’t that large—while a fast downward washout could happen at any time.
Instead of simply betting on a breakout, I’d rather see the price pull back first to 1720—1700.
This is the first area of support after a big bullish breakout, and it’s also the place to judge whether the capital has truly taken over.
If the pullback happens on reduced volume, and then volume expands again to reclaim 1750, it would indicate that sell pressure is being absorbed.
With this kind of structure, challenging 1800—1826 will have a much higher chance of success.
If volume helps the price hold above 1826, then later we can look at 1880—1950.
But if 1700 can’t be defended, the price could return to the consolidation range of 1650—1620.
Being bullish doesn’t mean you must chase from any point.
Before the breakout, washing out a batch of impatient “get in now” positions is actually more favorable for continued upside.
#沙特南部能源设施遇袭停运
The most comfortable opportunities are often not the hottest big bullish candle driven by emotion—but rather after a pullback, once it’s confirmed that it can’t fall anymore $MU $SKHYNIX
