$SNDK Liquidation data released—can the 1,200 level become the turning point for a rebound?

First of all, Lao Lin is definitely bullish. If you chased longs last night and got trapped, you can just make time your friend. Due to the circuit breaker impact, yesterday’s waterfall drop swept out a large number of people, but the tech sector’s potential means that 1,200 is not where he should be staying.

Just now, this round of selling pressure from Sandisk has come down hard. Lao Lin has been watching one core question: what will open up the downside room? How much ammunition does the bears still have? Judging from the liquidation data:

1. Short liquidations have clearly expanded. In the past 1 hour, short liquidations exceeded $3,600; in the past 4 hours, short liquidations were close to $12k. This shows that during the selloff, bears kept chasing shorts, but the price near 1,188 did not continue to get deeply dumped—there are signs of short-term support.

2. From 1,500 to 1,200, the pullback has already released enough downside. After the previous high-level range-bound consolidation, a sudden selloff with heavy volume directly broke multiple supports, washing out both the chasing-long capital and short-term positions. The market sentiment is currently skewed bearish, which paradoxically makes it easier to see a rebound attempt.

3. 1,200 is the current life-or-death line between bulls and bears. The current price is consolidating around 1,210, indicating that there are buyers stepping in at this level. If 1,200 holds, the short-term targets first to watch are the $1,250–$1,280 zone. With a strong rebound, there’s a chance to retest 1,300. Here, for Sandisk, this isn’t a place to chase shorts—it’s a spot to observe a potential reversal at lower levels. The bears have already priced in panic. Next, the key is whether 1,200 can stay firm.

In strategy terms, keep an eye on opportunities around 1,200. If it breaks down below 1,188, then look at the risk. Once it holds and stabilizes, the room for a rebound will gradually open. Now it’s the market’s turn to search again for low-buy opportunities—Lao Lin will keep watching closely on this Sandisk move. #GateCard消费返现最高8% #Bitmine持有578万枚ETH