#SNDKUSDT The short-term long position in SanDisk opened on the 8th is now back to breakeven.
SanDisk has broken below its current uptrend channel. This kind of slow decline is certainly very ugly.
It looks like it will enter a correction for a while, which is not a good sign for the memory sector.
That said, I wouldn’t recommend chasing shorts here—there isn’t much upside relative to the risk.
If you’re looking to bet on a rebound, you can gradually build a long position in SanDisk below 1,400.
SanDisk has broken below its current uptrend channel. This kind of slow decline is certainly very ugly.
It looks like it will enter a correction for a while, which is not a good sign for the memory sector.
That said, I wouldn’t recommend chasing shorts here—there isn’t much upside relative to the risk.
If you’re looking to bet on a rebound, you can gradually build a long position in SanDisk below 1,400.