$SNDK Japan and South Korea have decided to raise rates tomorrow. Then looking at the SNDK price action, Laolin can only say: this “waterfall” big profit meat may be served again! 🔥

From a macro perspective, rate hikes themselves are the nuclear bomb that drains market liquidity. Once South Korea’s domestic speculative capital faces tightened funding, its first reaction is absolutely to dump crypto to plug the margin gap.

Now look at SanDisk. After a cliff-like drop from 1988 to 1616, although it bounced back to around 1800 by riding the short sellers’ profit-taking, that long upper wick has already made it plain to everyone: the bulls don’t have the backbone to mount a real comeback. Now the price has slipped back down to around 1726—this is the classic case of a “failed dead-cat bounce, the selloff isn’t over yet.”

If, before the rate-hike news is confirmed tomorrow, the main players use the headlines to stir up another meager, desperate rebound on the chart, never let yourself be tricked into it by this kind of fake demand/induced buying. That is absolutely Laolin’s best chance to add to a short.

Laolin is firmly looking for it to revisit and test the prior low at 1616. Once tonight or tomorrow the sentiment side cooperates and smashes through it, the next stop is directly at 1550.

Set a firm bottom-line stop-loss. Don’t try to guess what the market’s first reaction will be after the rate-hike lands—trade by following Laolin’s defensive line. This round of macro bearish “meat,” just hold it steadily and take it! 🍖