$MU Micron bloodbath! It fell from 1142 to 999—can we scoop the dip this time?

Brothers, last night the AI stocks got hit across the board!

Micron slid from its high of 1142 all the way down to 999. The intraday move was over 12%, and long positions were liquidated for $6.07 million. SK Hynix and SNDK also crashed right along with it—everything was caused by Meta shifting its business. When the market heard that AI chip demand might fall short of expectations, it sold off immediately.

As the chart shows: the current price is 1051, right above MA7 (1035), but it’s pinned down hard by MA25 (1078). The daily-level bearish trend hasn’t changed, so for now this move can only be treated as an oversold bounce.

In terms of trading, pay attention, guys:

Go short as the priority: If it rebounds into 1070-1080 and can’t break through, short it directly, targeting 1030-1000. MA25 is pressing it down—if it doesn’t break, it’s basically free.

If you want to go long: You must wait for a pullback to around 1000 and it must hold without breaking, then go long with a small position to bet on a bounce, targeting 1040-1050. Control your position size—don’t get carried away.

Risk warning: The news flow can change at any time. AI stocks are volatile—don’t crank leverage to the max, and you must set a stop loss!

Personally, I’m leaning bearish. Any rebound is just an opportunity.

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