$SNDK Where is the bottom? All moving averages are overhead! Is it time to buy the dip or continue shorting?

Brothers, SNDK has crashed again! From 1856 all the way down to 1655, another 200 points gone. Those who tried to buy the dip at 1700 are probably now thinking about where to set their stop losses.

On the daily chart, it's a standard bearish arrangement, with price pinned below the moving averages and sliding down steadily. On the 4-hour chart, it's a continuous decline without any bounce, with the MACD forming a death cross and diverging downward—no signs of stopping.

The storage sector is collectively tanking—SK Hynix down 5%, SNDK down 8%, MU also flat on the ground. Sentiment in the entire sector is extremely low, with funds continuously flowing out.

Mige's long/short two-way trading suggestions:
For aggressive shorts, enter directly near the current price of 1665 - 1670. For conservative shorts, wait for a rebound to around 1685 - 1690 before considering entry. For longs, look at the previous low—at least wait until it reaches around 1590 to see if it can stabilize before lightly testing long positions. If it breaks down, watch the 1540-1505 range for long opportunities.

Brothers, during a crash, don't try to catch a falling knife. Don't think that a big drop means it's an opportunity. When the trend is downward, every bounce just provides ammo for the bears.

Don't rush. When it truly stabilizes, Mige will call you out.

#GT二季度销毁257万枚