$SNDK SNDK Flash Crash to $320! Are the brothers who went long on 2330 still holding? Daxing teaches you how to save yourself!

Brothers, last night, the US stock AI sector hit a “Black Tuesday.” SNDK (SanDisk) plunged 13.64%, and one massive bearish candle shattered everyone’s confidence at once. It dropped from the 2352 peak all the way down to 1986—an entire $320 range. How are the friends who chased longs above 2330 feeling right now?

The reason for the sell-off is very straightforward: Korean tech stocks fell first. Samsung and SK Hynix dropped more than 11% intraday, and panic quickly spread across the ocean to US stocks. On top of that, ahead of Micron’s earnings report, capital moved to risk aversion, and the market switched from “AI infinite demand” to a “performance verification” mode. The storage sector was collectively “washed”—Micron fell 13.18%, Western Digital fell 8.45%, and Seagate fell 5.07%. This isn’t just an issue with SNDK—this is the whole sector getting hit!

Now the question is: Can the 2000 level hold?

Let’s look at the data—smart money total open positions are 142 million USDT, with a nominal long-short ratio of 141.73%. The average long opening price is 1891, with an unrealized profit of 4.53 million USDT. Meanwhile, the average short opening price is 2003, with an unrealized profit of only 115k USDT.

What does this mean? Longs entered at lower levels are still making money. Around 2000, there is a capital cost! Also, looking at the liquidation chart, long liquidations pile up by more than 1.4 million in the 2100–2150 range. Once this level breaks, a large number of longs will be forced to close—triggering a chain reaction and stampede!

Brothers who got trapped at 2330, Daxing has three suggestions for you:

First, don’t cut losses out of panic. Last night, there was a crash, but SNDK ultimately closed at 1999—staying firmly above the 2000 integer level. The 1-hour K-line shows RSI1 has already returned to 49.23, and a short-term oversold recovery signal has appeared.

Second, watch two key levels closely: resistance is 2050–2080 above, and defense/support is 1940 below.

Third—and most important—don’t mess around with your trades on your own. This round of crash is a sector-wide event, not a single-stock risk. Micron’s earnings and Nvidia’s shareholder meeting are the real “big test.”

Before the results come out, any blind bottom-fishing or cutting losses could leave you getting hit from both sides!

Brothers who are stuck—comment “1” in the comment section. Everyone’s way of getting out is different. Want to know how to unwind your positions? Leave a comment! #0成本拿2股SK海力士 #山寨 $SPCX