$AAOI 9 minutes 47 seconds, I just saw this order book and sat up straight—ten minutes ago it was hovering around 112, now it’s 109.24, down 14.42% over the past 24 hours, and trading volume has already surged to $26.90 million.

This isn’t a normal pullback. It dropped from 130 to 106, and in 6 hours it ate up half of last week’s gains. If you didn’t reduce your position around 130, your unrealized losses are already close to 16%. More importantly, the intraday low at 106.31 is only a hair’s breadth away from breaking—once it goes, the next support to watch is around 95.
I’ve seen this script too many times: a gap-down open, a low-volume attempt to bounce, and then a big-volume selloff. Right now, funds are probing back and forth between 106 and 110. If before the U.S. stock market opens tonight it hasn’t been pulled back above 112, tomorrow it will most likely test the 100 psychological level.
The trading advice is straightforward: if you have a position now, don’t bet on a rebound—set a hard stop-loss at 106. If you want to catch the bottom, wait until the price holds above 112 and there’s a half-hour with shrinking volume, then try a small long position. Set the stop-loss at 106.3; first target 118, second target 125. Keep position size within 20%, because at this level both bulls and bears are piling volume—before direction is confirmed, entering is basically handing over your head.
My trading rules are simple: price structure matters more than indicators, and volume is more reliable than news. This time window is less than 5 hours—by before 8:00 AM tomorrow morning, if $AAOI can’t close above 108, this round of correction is far from over.
In the comments, do you dare to bet it: do you think $AAOI can get back to 112 before tonight’s close? Yes or no—I’ll be back in 24 hours to reveal the answer.