$SNDK SanDisk has just reviewed and thought it through (If you're interested, please be patient and read to the end)
At this point, as long as it doesn't break above 1300, it will continue testing 972.
So here I'm not sure whether it will start a second test of 972—starting a B-leg rebound on the daily timeframe—or whether it will continue toward the 700 area first, and then start a B-leg rebound on the daily timeframe.
(Both B-leg rebound zones are roughly marked with different colors.)
From a candlestick technical perspective, this 972 already satisfies the three-phase decline pullback target, which means it’s allowed to form a base here and start B.
The dilemma is that it might reach the extreme target near 700—or it might not.
So I’m not very precise about how the next move will play out. I can only say I’ll be extra cautious in how I handle the upcoming trade.
For now, I’m holding positions with a defensive mindset. Approaching 972, I’ll take a first long position on the second test, with a stop loss at 900. If it breaks through and holds above 1300 to confirm that the base for the second test has succeeded, then that’s the plan.
If it effectively breaks below 900, then the only option is to approach 700 to set up the trade.
I still hold a small base position in the short from before; I’m planning to keep it for now and see how things develop.
If anyone has a different way of thinking, feel free to leave a comment and discuss!
(Personal review summary only for reference, not investment advice)
$ETH I’m not a wallflower, swayed by the wind! Stick to your own views and don’t let outside noise affect you! The pullback isn’t over yet! I really like this line from CZ: “Everyone notices success, but very few notice the patience behind it.”
Good day 730617 ends. The river and other major players pump up and then pull back before entering; otherwise, the cyclical wait could last a long time.
$SNDK How do people in the crypto world truly make big money? Let me tell you one word: wait. If you really master that word, you’ll basically be ahead of 99% of people in the market. What does “wait” mean? 00x Naruto Summarized in five sentences: First sentence: trade the trend; waiting means waiting for a pullback. Second sentence: trade ranges; waiting means watching the high and low points. Third sentence: trade rebounds; waiting means waiting for expansion in volume. Fourth sentence: trade breakouts; waiting means waiting for a retest. Fifth sentence: trade bottoms; waiting means waiting for a widespread market panic. If you can understand this, then most of the tricks and nuances in trading, you can basically see through. (Harvest the stock route)
$ETH Good news has run its course and means bad news—conversely, the same applies! A needle is coming that will swing within the next five points up and down. Are you ready?
$SNDK SanDisk gave you a chance—have you caught up? 1028 layout long orders! Only do trend trades! The 1562 short logic has been verified! Keep going....