$SNDK 📉
With the US stock market closed for the weekend, crypto gets the spotlight, but I’m still watching SanDisk closely.
The $SNDK chart is getting harder to ignore. We’ve seen repeated sharp bearish candles, while support levels continue stepping lower. To me, that shows sellers are still controlling the short-term structure.
If this were a small-cap altcoin, traders would probably already be calling for a complete collapse. 😅 But $SNDK is a major name in memory and storage, so I’m not convinced this move automatically means the business is heading toward zero.
My read is that this could be a heavy shakeout or redistribution phase rather than the end of the story. Still, the chart needs to prove it.
Trade Setup — Short $SNDK
Entry Zone: $155–$165
TP1: $145
TP2: $135
TP3: $125
Stop Loss: $172
Why this setup works:
I’m looking for a rejection from the resistance area while the lower-high/lower-low structure remains intact. If sellers continue defending resistance, price could revisit the next support levels.
I’m not interested in blindly catching a falling knife. If buyers reclaim and hold above the invalidation zone, I’d step aside.
Confirmation matters more than prediction. Manage risk properly.
#BIP110ForkSignalingExpectedThisWeekend #VIXFallsToJanuaryLow #IraqOilExportsFall75% #ThuneFilesClarityActClotureMotion #FedSplitOnRateHikesDeepens
With the US stock market closed for the weekend, crypto gets the spotlight, but I’m still watching SanDisk closely.
The $SNDK chart is getting harder to ignore. We’ve seen repeated sharp bearish candles, while support levels continue stepping lower. To me, that shows sellers are still controlling the short-term structure.
If this were a small-cap altcoin, traders would probably already be calling for a complete collapse. 😅 But $SNDK is a major name in memory and storage, so I’m not convinced this move automatically means the business is heading toward zero.
My read is that this could be a heavy shakeout or redistribution phase rather than the end of the story. Still, the chart needs to prove it.
Trade Setup — Short $SNDK
Entry Zone: $155–$165
TP1: $145
TP2: $135
TP3: $125
Stop Loss: $172
Why this setup works:
I’m looking for a rejection from the resistance area while the lower-high/lower-low structure remains intact. If sellers continue defending resistance, price could revisit the next support levels.
I’m not interested in blindly catching a falling knife. If buyers reclaim and hold above the invalidation zone, I’d step aside.
Confirmation matters more than prediction. Manage risk properly.
#BIP110ForkSignalingExpectedThisWeekend #VIXFallsToJanuaryLow #IraqOilExportsFall75% #ThuneFilesClarityActClotureMotion #FedSplitOnRateHikesDeepens