SanDisk plunges before the opening by 100 points! Brothers who chased long at 1600 last week—how are you tonight?
In the crypto world, there’s an old saying: in a bull market, there are big sell-offs; in a bear market, it’s more of a slow, grinding decline. But this drop in SanDisk—is it an opportunity to make money for you, or the beginning of an endless free fall?
News: the whole sector collapses
Ahead of the U.S. market open, the semiconductor and memory sectors are all sliding—SanDisk is down more than 4% pre-market, leading the entire memory space lower. Hynix is down 3%, Micron down 3.18%, and Western Digital down 2.61%—panic has dominated the whole sector. The root cause is still the chain reaction triggered by Samsung’s fiasco, compounded by capital taking shelter ahead of Nvidia’s earnings report, draining liquidity from the sector.
Technical outlook: the battle to defend 1500
The daily chart has seen five consecutive red candles. The lower rail of the QBOLL is around 1485—this is the last line of defense! The MACD dead cross continues to widen, and bearish momentum has not shown any signs of exhaustion. But RSI1 is only 18.23, extremely oversold, so the risk of chasing shorts is also not small. There’s a high probability of a low open tonight, with an expected opening range of 1530–1550.
Strategy suggestions:
If you want to short, wait for a low-open bounce back to around 1530–1550 before entering the short. Targets are 1500–1450.
My personal view: this move in SanDisk is a sector-wide sell-off, not a deterioration in any individual stock’s fundamentals. Around 1400, you should expect strong resistance—aggressive traders can try to bet on a rebound. If you’re going to short, find “Shence” on the homepage, bring your entry levels—Shence will watch the chart with you. In this market, opportunities outweigh risks.
#黄金反弹站上4600美元 $SNDK
In the crypto world, there’s an old saying: in a bull market, there are big sell-offs; in a bear market, it’s more of a slow, grinding decline. But this drop in SanDisk—is it an opportunity to make money for you, or the beginning of an endless free fall?
News: the whole sector collapses
Ahead of the U.S. market open, the semiconductor and memory sectors are all sliding—SanDisk is down more than 4% pre-market, leading the entire memory space lower. Hynix is down 3%, Micron down 3.18%, and Western Digital down 2.61%—panic has dominated the whole sector. The root cause is still the chain reaction triggered by Samsung’s fiasco, compounded by capital taking shelter ahead of Nvidia’s earnings report, draining liquidity from the sector.
Technical outlook: the battle to defend 1500
The daily chart has seen five consecutive red candles. The lower rail of the QBOLL is around 1485—this is the last line of defense! The MACD dead cross continues to widen, and bearish momentum has not shown any signs of exhaustion. But RSI1 is only 18.23, extremely oversold, so the risk of chasing shorts is also not small. There’s a high probability of a low open tonight, with an expected opening range of 1530–1550.
Strategy suggestions:
If you want to short, wait for a low-open bounce back to around 1530–1550 before entering the short. Targets are 1500–1450.
My personal view: this move in SanDisk is a sector-wide sell-off, not a deterioration in any individual stock’s fundamentals. Around 1400, you should expect strong resistance—aggressive traders can try to bet on a rebound. If you’re going to short, find “Shence” on the homepage, bring your entry levels—Shence will watch the chart with you. In this market, opportunities outweigh risks.
#黄金反弹站上4600美元 $SNDK
