$SNDK SNDKUSDT

The market structure has clearly shifted from a bearish consolidation phase to a strong bullish expansion. We saw a clear break of structure (BOS) to the upside when the price aggressively pierced through previous resistance levels around 811 and 857, surging to a high of 905.19 before entering a consolidation phase.

Looking at the K-lines, there is a massive impulsive green candle that initiated this leg up, followed by a series of smaller-bodied candles with long wicks. This indicates a pause in momentum, where buyers are defending the price but sellers are testing the immediate support. The price is currently holding above the middle Bollinger Band (MB: 890.08), which acts as dynamic support.

The recent price action displays a "high-wave" or "spinning top" formation near the 891 level, suggesting indecision at this local high. However, the previous large bullish engulfing-style candle provides a strong foundation of support, and the current candles are forming a potential "bull flag" or pennant continuation pattern.

Given the strong volume spike on the initial breakout, I predict that this consolidation is a resting phase before another leg up. As long as the price holds above the 877 level (Lower Bollinger Band), the bulls remain in control, and a retest of the 905.19 high is highly probable.

🔴What trade plan I follow and why❓️

I am following a "trend-following pullback" strategy. The reason for this is that chasing the price at the very top (905) is risky, but buying the dip during a consolidation allows for a better risk-to-reward ratio. The Bollinger Bands are widening, which signifies high volatility and a strong trend, so I want to position myself in the direction of the trend (long) on a slight retracement.

🔴When I start my trade❓️

I will start my trade (Long) if the price retraces slightly to the 885–888 zone and shows a bullish rejection candle (like a hammer or a strong green engulfing candle) on the 15-minute or 1-hour timeframe. Alternatively, a confirmed breakout above the 895 resistance level with increasing volume would also trigger my entry.

Bullish. The trend is your friend. The MACD is still in positive territory (DIF: 10.30), and the massive volume bars (2.65K and 5.05K) confirm strong buyer interest. The market is looking for the next leg higher, but patience is key to waiting for a better entry point rather than buying the top of the current range.