Semiconductors have officially entered a technical bear market! SanDisk 1370, Micron 830—should you buy the dip or cut losses? Don’t rush—first look at this signal.

Brothers, this semiconductor move really is brutal. From the June peak, the Philadelphia Semiconductor Index has crashed 22%, officially entering a technical bear market. Hynix ADR is down more than 13%, SanDisk down more than 12%, and Micron down more than 5%. Even more harshly, a whale heavily positioned in semiconductors cleared out and cut losses straight away last night, with losses exceeding $320k.

Panic sentiment has reached its peak—but Migg will tell you the truth: when even whales can’t hold on and cut losses, the bottom is often not far off.

Market breakdown:
On the technical side, SNDK 1-hour RSI has already fallen into single digits, extremely oversold. Price is far below the moving averages; the BOLL lower band is at 1327, with an excessive deviation rate—there is a very strong demand for a technical rebound. The first resistance overhead is at 1450. MU has also entered the oversold zone; the BOLL lower band is at 819, so downside room is limited, while the resistance above is at 850.

On the news side, the leveraged liquidation stampede in South Korea is still ongoing. The aftermath of 320k retail traders getting liquidated hasn’t faded, but TSMC’s earnings have exploded, and HPC business has jumped 20% month-over-month, showing that AI demand is fundamentally fine. The current drop isn’t that the logic has broken—it’s the market deleveraging.

Migg’s suggestion—range trading: sell high and buy low; don’t be greedy.
$SNDK ：Try a small long position around 1370; conservatively, wait until around 1450 before considering a short.
$MU ：Try a small long position around 830; conservatively, wait until around 850 before considering a short.

Personal view:
Brothers, in a bear market, rallies can be violent. Undersold rebounds are often brutal too. But before the big trend truly turns around, don’t get greedy—take profits and run when you’ve got your fill. At this level, going long is just betting on a rebound, not a reversal. Reduce position size, set stop-loss levels properly, and don’t let yourself get swept away by a move when sentiment is at its worst.

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