🛢️💾 $SNDKUSDT (Sandisk Perp) – Down 64% From the Top, Now at a Decision Point 📉
Sandisk is at 865.61 (-2.28%) after falling from the 2,373 peak. Price is far below EMA(7) 905.78, EMA(25) 1,123 and EMA(99) 1,400. MACD is bearish (DIF -156.95 below DEA -139.64), and RSI(6) is at 32, close to oversold. Volume spiked on the latest drop, so sellers are active. The 24h range is 841.54 – 905.65.
Scenario 1: Short on breakdown 🔻
Entry: daily close below 841.5
Targets: 750, then 689.6 (previous low)
Stop-loss: above 906
Scenario 2: Relief bounce 🔼
Entry: daily close above 906 with volume
Targets: 976, then 1,123
Stop-loss: below 835
The trend is clearly bearish, but RSI is near oversold, so a bounce can come first. SNDK also trades as a stock, so expect big swings around market hours. Don't chase, use low leverage and wait for confirmation.
⚠️ Not financial advice. Use stop-loss, manage risk, DYOR.
#SNDKUSDT #Sandisk #Binance #Futures #TechnicalAnalysis #StockPerps
Sandisk is at 865.61 (-2.28%) after falling from the 2,373 peak. Price is far below EMA(7) 905.78, EMA(25) 1,123 and EMA(99) 1,400. MACD is bearish (DIF -156.95 below DEA -139.64), and RSI(6) is at 32, close to oversold. Volume spiked on the latest drop, so sellers are active. The 24h range is 841.54 – 905.65.
Scenario 1: Short on breakdown 🔻
Entry: daily close below 841.5
Targets: 750, then 689.6 (previous low)
Stop-loss: above 906
Scenario 2: Relief bounce 🔼
Entry: daily close above 906 with volume
Targets: 976, then 1,123
Stop-loss: below 835
The trend is clearly bearish, but RSI is near oversold, so a bounce can come first. SNDK also trades as a stock, so expect big swings around market hours. Don't chase, use low leverage and wait for confirmation.
⚠️ Not financial advice. Use stop-loss, manage risk, DYOR.
#SNDKUSDT #Sandisk #Binance #Futures #TechnicalAnalysis #StockPerps