With a move like today—large bearish candle—just because it hits a support level doesn’t mean you should bottom-fish. If it closes as a doji, or there’s a big bearish candle on higher volume, then it could be considered, but today it’s clearly not the case.

Can tech stocks still return to their previous highs? If you entered at the top and got trapped, there’s a 90% chance it won’t. The reason is simple:

First: the main players have already distributed. Their cost is low; even if there are a few more consecutive daily limit-downs, they can still profit.

Second: you’re the one who’s trapped. You’re counting on the main players to push the price higher so you can get out. But if you were the main player, would you do that??? So don’t place your hopes on other people.