A rebound isn’t a reversal—those who chase higher prices are getting trapped again!
SanDisk’s move this round rebounded from the lows all the way up, but when it reached around 1850, it faced clear pressure. The bulls kept pushing higher but couldn’t hold their ground, and selling pressure started to release.
At this level, I won’t chase longs.
Around 1850, I directly set up short positions and took a round of the pullback.$SNDK
For the short term: as long as 1850 doesn’t break out with strong volume, the rebound is more likely to provide opportunities to short, rather than chances to chase the rally.$SKHYNIX
The easiest way to lose money in the market isn’t that you can’t trade—it’s that when it rises you chase, and when it falls you hold on.
If you’re still chasing after the price and getting stuck in a position, holding and dragging through losses, then what you’re missing isn’t the market—it’s a correct trading logic. Come@老陈带单 , and let’s make our trading clear.$MU
SanDisk’s move this round rebounded from the lows all the way up, but when it reached around 1850, it faced clear pressure. The bulls kept pushing higher but couldn’t hold their ground, and selling pressure started to release.
At this level, I won’t chase longs.
Around 1850, I directly set up short positions and took a round of the pullback.$SNDK
For the short term: as long as 1850 doesn’t break out with strong volume, the rebound is more likely to provide opportunities to short, rather than chances to chase the rally.$SKHYNIX
The easiest way to lose money in the market isn’t that you can’t trade—it’s that when it rises you chase, and when it falls you hold on.
If you’re still chasing after the price and getting stuck in a position, holding and dragging through losses, then what you’re missing isn’t the market—it’s a correct trading logic. Come@老陈带单 , and let’s make our trading clear.$MU
