📊 8.19 Midday Jingyi SNDK (SanDisk) Outlook
🥛 Obedient children get milk! Yesterday, we warned that a break below $1,655 could trigger a deeper pullback. SNDK dropped as low as $1,565, giving short positions a chance to take profit.
📉 4H Technical View
Since the $1,826 high, SNDK has weakened through consecutive large bearish candles. KDJ has entered a low zone with the J-line turning down, while MACD bearish bars continue expanding. Short-term bearish momentum remains strong.
🔻 Resistance: $1,640–$1,670
🚨 Strong resistance: $1,736
🔹 Support: $1,565
🛡️ Key defense: $1,520
🎯 Trading Plant
If SNDK rebounds into $1,640–$1,670 and meets resistance, consider a small short position, targeting $1,565 and then $1,520 if support breaks.
If $1,520 stabilizes, watch for a potential long setup.
⚠️ Bears currently have the upper hand. Avoid blindly buying the dip and keep position risk strictly controlled.
🎮 #Gate事件积分系统上线 — Share your market views, participate in Gate activities, and earn points!
#Gate #SNDK #SanDisk #Crypto #Trading
🥛 Obedient children get milk! Yesterday, we warned that a break below $1,655 could trigger a deeper pullback. SNDK dropped as low as $1,565, giving short positions a chance to take profit.
📉 4H Technical View
Since the $1,826 high, SNDK has weakened through consecutive large bearish candles. KDJ has entered a low zone with the J-line turning down, while MACD bearish bars continue expanding. Short-term bearish momentum remains strong.
🔻 Resistance: $1,640–$1,670
🚨 Strong resistance: $1,736
🔹 Support: $1,565
🛡️ Key defense: $1,520
🎯 Trading Plant
If SNDK rebounds into $1,640–$1,670 and meets resistance, consider a small short position, targeting $1,565 and then $1,520 if support breaks.
If $1,520 stabilizes, watch for a potential long setup.
⚠️ Bears currently have the upper hand. Avoid blindly buying the dip and keep position risk strictly controlled.
🎮 #Gate事件积分系统上线 — Share your market views, participate in Gate activities, and earn points!
#Gate #SNDK #SanDisk #Crypto #Trading
