$SNDK U.S. stocks are still offering relatively good value right now.
Guys, cryptocurrencies have barely moved lately, trading sideways for the past two weeks. After the U.S. market opened last night, SNDK formed wicks in both directions and then weakened. It hit a low of 1682 before forming a lower wick. 1700 was previously a strong support level for SanDisk, and the quick rebound after dipping below it shows that buyers are stepping in here. It has now climbed back above 1700. Structurally, as long as 1680 holds, this remains a valid bottoming structure. It is currently holding steady between 1695 and 1705, with smaller candlestick bodies and a narrower trading range. This shows that selling pressure is fading and bears are losing their grip. When it can’t fall any further, that’s often a sign a rally may be coming.
In terms of trading, you could go long around this level. The first target is 1720. There’s strong support below in the 1660–1680 range. To the upside, if it gets above 1720, 1800 is within reach. The risk-reward ratio is quite favorable.
I’ll share the specific trading details in the chatroom. If you’re still unsure which way to go, guys, feel free to discuss it together: #币安推出BinanceIntelligence
Guys, cryptocurrencies have barely moved lately, trading sideways for the past two weeks. After the U.S. market opened last night, SNDK formed wicks in both directions and then weakened. It hit a low of 1682 before forming a lower wick. 1700 was previously a strong support level for SanDisk, and the quick rebound after dipping below it shows that buyers are stepping in here. It has now climbed back above 1700. Structurally, as long as 1680 holds, this remains a valid bottoming structure. It is currently holding steady between 1695 and 1705, with smaller candlestick bodies and a narrower trading range. This shows that selling pressure is fading and bears are losing their grip. When it can’t fall any further, that’s often a sign a rally may be coming.
In terms of trading, you could go long around this level. The first target is 1720. There’s strong support below in the 1660–1680 range. To the upside, if it gets above 1720, 1800 is within reach. The risk-reward ratio is quite favorable.
I’ll share the specific trading details in the chatroom. If you’re still unsure which way to go, guys, feel free to discuss it together: #币安推出BinanceIntelligence