SanDisk Corporation -
$SNDK
Key Levels & Market Structure
* Primary Trend: Markdown / Bearish continuation on the 1h timeframe, down from the 1,908.69 swing high.
* Immediate Resistance: 1,751.12 (24h High), followed by the broken structural high zone around 1,811.87.
* Immediate Support / Liquidity Target: 1,660.43 (Wick Low / Swing Low).
* Consolidation Range: Price is currently chopping sideways between 1,702.63 and 1,751.12 after the heavy sell-off.
Technical Indicators & Volatility
* ATR (14) at 11.57: Volatility has compressed significantly compared to the rapid drop from 1,908. Lower ATR in this consolidation suggests a volatility squeeze, which usually precedes an expansion move.
* Volume Profile: The 24h volume is high at 1.14B USDT, showing significant participation despite the tight range near the bottom.
Trade Scenarios
1. Bearish Breakdown / Trend Continuation
* Trigger: A 1h candle close below 1,702.63 or a sweep/break of 1,660.43.
* Target: Next psychological/structural demand zone around 1,648.01 and below.
* Invalidation: Price reclaiming and holding above 1,757.25.
2. Bullish Relief Rally / Liquidity Grab
* Trigger: Rejection at the 1,700–1,710 area with high buying volume, targeting short stops above the consolidation.
* Target: 1,751.12 (24h High) and the lower-high structure near 1,811.87.
* Invalidation: Loss of 1,660.43.
$SNDK
Key Levels & Market Structure
* Primary Trend: Markdown / Bearish continuation on the 1h timeframe, down from the 1,908.69 swing high.
* Immediate Resistance: 1,751.12 (24h High), followed by the broken structural high zone around 1,811.87.
* Immediate Support / Liquidity Target: 1,660.43 (Wick Low / Swing Low).
* Consolidation Range: Price is currently chopping sideways between 1,702.63 and 1,751.12 after the heavy sell-off.
Technical Indicators & Volatility
* ATR (14) at 11.57: Volatility has compressed significantly compared to the rapid drop from 1,908. Lower ATR in this consolidation suggests a volatility squeeze, which usually precedes an expansion move.
* Volume Profile: The 24h volume is high at 1.14B USDT, showing significant participation despite the tight range near the bottom.
Trade Scenarios
1. Bearish Breakdown / Trend Continuation
* Trigger: A 1h candle close below 1,702.63 or a sweep/break of 1,660.43.
* Target: Next psychological/structural demand zone around 1,648.01 and below.
* Invalidation: Price reclaiming and holding above 1,757.25.
2. Bullish Relief Rally / Liquidity Grab
* Trigger: Rejection at the 1,700–1,710 area with high buying volume, targeting short stops above the consolidation.
* Target: 1,751.12 (24h High) and the lower-high structure near 1,811.87.
* Invalidation: Loss of 1,660.43.
