$SNXX What a crash! Plates with the Long-branded sign are hanging, but the contract plates are packed with hands that smash the empty positions—this name is a tombstone set up for longs. A day’s drop is another 15%, yet the position size gets piled up by 10% instead. The fee-rate tollbooth just closed—through active orders, sell volume is pinned to the ground against buy volume. Not a single new position is recorded on anything but the shorts’ names. A long bearish candle on the daily slices from the previous high straight down to the bottom; momentum is crushed into negative territory. This kind of broken market doesn’t deserve to talk about catching the bottom.
