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$SNDK Watch for a long setup. Everyone is focused on a breakdown, but I think the support at this level is a bit too quiet to ignore.
Currently, the bottom area from 1621 to 1629 is still holding. The 4-hour structure remains bullish, and the daily chart is still ranging. The 15-minute RSI is around 57, not overbought, and there’s still room to push upward. Also, in the short-term, the trading volume shows that real buy orders are confirming the move.
You can pay attention to whether this support zone can hold. The upside target is first around 1653; if it goes smoothly, it may move to 1671 or even 1699. Place the defense level near 1588. If you’re going for a counter-trend trade, be mindful of risk—don’t go in too aggressively, and set your stop-loss.