1180 short-squeeze disaster for SanDisk—caught at 100 points! Sensei: Don’t panic—1320 still has another test!
Being short while price hits the floor hurts the most, but Sensei tells you this rebound isn’t over yet—there’s still a way out above!
Where will this move go?
Goldman Sachs just released a report backing memory/storage, saying the market is “overly pessimistic,” and that cycle strength will exceed expectations. The news flow is somewhat bullish, and the short term favors the longs.
Technically, on SanDisk’s 4-hour chart, the 1320–1325 zone is the first tough hurdle above (a prior rebound high). Higher up, around 1400 is a heavy liquidity/position-dense area. Sensei’s view: there’s a high likelihood of a pullback near 1320—that’s the best window to reduce losses on your short positions!
Exit strategy:
If you can hold: wait for shorts to add around 1320 to pull the average price up; take profit in batches on the retest of 1220–1250.
If you want to be steady: around 1220, close your short and immediately reverse into a long, then follow this rebound.
If you don’t want to lose: lock your position at the current price; wait for 1320 to unlock the short, and keep the long to catch the subsequent upside.
Want to know the exact way to trade? Click follow, and in the comments drop “1”—I’ll teach you step by step!
#黄金突破1月下行趋势线 $SNDK
Being short while price hits the floor hurts the most, but Sensei tells you this rebound isn’t over yet—there’s still a way out above!
Where will this move go?
Goldman Sachs just released a report backing memory/storage, saying the market is “overly pessimistic,” and that cycle strength will exceed expectations. The news flow is somewhat bullish, and the short term favors the longs.
Technically, on SanDisk’s 4-hour chart, the 1320–1325 zone is the first tough hurdle above (a prior rebound high). Higher up, around 1400 is a heavy liquidity/position-dense area. Sensei’s view: there’s a high likelihood of a pullback near 1320—that’s the best window to reduce losses on your short positions!
Exit strategy:
If you can hold: wait for shorts to add around 1320 to pull the average price up; take profit in batches on the retest of 1220–1250.
If you want to be steady: around 1220, close your short and immediately reverse into a long, then follow this rebound.
If you don’t want to lose: lock your position at the current price; wait for 1320 to unlock the short, and keep the long to catch the subsequent upside.
Want to know the exact way to trade? Click follow, and in the comments drop “1”—I’ll teach you step by step!
#黄金突破1月下行趋势线 $SNDK
