SNDK drops 11% in 24 hours to 1547, but it dipped as low as 1505 and then bounced back. Would you dare to pick up at this support level?

The friends who chased at 1800 yesterday are now down, on average, 15% or more. This sell-off is clearly a main-force washout. The 1500-1520 range has gathered the largest volume in about three months, and it can provide support. My discipline is: wait for the pullback to the 1518-1525 area before taking action. Set the stop-loss at 1498 (if this level is broken through, you must exit). First target: 1650. Second target: 1730. Keep position size to 30%. Don’t go all-in.

The 24-hour trading value is 2 billion, showing fierce battle between bulls and bears. For this kind of stock, it either cascades down or launches a violent rebound. At the current price of 1547, it’s stuck in the middle—chasing in means you’re gambling on which way it goes, and it’s not worth it. What I want is an edge in odds—if you enter at 1518, the stop-loss is under 2%, but the upside potential is 8%-12%, so a risk-reward ratio of 4:1 or higher is the only situation worth betting on.

Don’t ask me “whether it can rise to 2000.” I only look at signals at key levels. It’s not in the planned zone yet, so watch. Remember: if it falls near 1518 and stabilizes on reduced volume, you can try going long. If it breaks below 1498 on rising volume, that means the bulls have completely surrendered, and you should expect at least another 300-point drop—at that time, you must not bottom-fish.

High volatility doesn’t necessarily mean more opportunities; controlling your hands matters more than anything. When signals show up, I’ll update my trades in the comment section. Now? Sip tea and watch the market.

No trades outside the plan.