SANDISK $SNDK REJECTING HIGHER RESISTANCE BEARS TARGETING $1722.10 NEXT?
Pair: $SNDK /USDT
Direction: SHORT
Timeframe: 1H
Entry Price: 1770.23
Target Levels (Take Profit)
TP 1: 1741.35 1.63%
TP 2: 1722.10 2.72%
Stop Loss
SL: 1808.73
Technical Breakdown
SNDK ($1770.85) completed a sharp double-top structure near the $1810 resistance level and aggressively breakdown through both MA 7 and MA 25. The rapid influx of red volume confirms strong institutional supply and distribution at higher price levels.
Price action has sliced below the middle Bollinger Band (BB 20), heading straight toward the dynamic baseline support of MA 99 (~1735–1740). Failing to hold above $1780 keeps the short-term bias firmly in control of the bears.
RSI (14) has plunged sharply from near overbought levels down toward 45.00, reflecting a rapid shift in market momentum. The MACD histogram has printed a fresh negative red bar with a bearish crossover, confirming accelerating sell-side drive.
$SNDK
Pair: $SNDK /USDT
Direction: SHORT
Timeframe: 1H
Entry Price: 1770.23
Target Levels (Take Profit)
TP 1: 1741.35 1.63%
TP 2: 1722.10 2.72%
Stop Loss
SL: 1808.73
Technical Breakdown
SNDK ($1770.85) completed a sharp double-top structure near the $1810 resistance level and aggressively breakdown through both MA 7 and MA 25. The rapid influx of red volume confirms strong institutional supply and distribution at higher price levels.
Price action has sliced below the middle Bollinger Band (BB 20), heading straight toward the dynamic baseline support of MA 99 (~1735–1740). Failing to hold above $1780 keeps the short-term bias firmly in control of the bears.
RSI (14) has plunged sharply from near overbought levels down toward 45.00, reflecting a rapid shift in market momentum. The MACD histogram has printed a fresh negative red bar with a bearish crossover, confirming accelerating sell-side drive.
$SNDK
