💥 This morning I originally wanted to eat up a quick bounce long at $SNDK , but the chart just had me laughing!
Brothers, this morning I thought we’d first catch a bounce, and then from the high levels set up a short. But that early bounce turned out weak and powerless—like I hadn’t even eaten. The 1500 level felt like a welded-on ceiling: the price just barely touched the edge and then got hit hard downwards. After it dropped, there wasn’t even half the strength to bounce back.
Now on-chain funds are continuously flowing out. This feeble bounce on the chart is just the volatility from the retail long side that got trapped up at the top, constantly adding positions and dragging down their average cost. Without support from big capital, this bounce can’t even reach the edge of 1500, let alone talk about any trend reversal. I immediately sold my long positions at their cost basis, then flipped and opened a short at 1488. My target is 1450–1400.
【The views above are for personal reference only and do not constitute investment advice】
#闪迪美光血崩
Brothers, this morning I thought we’d first catch a bounce, and then from the high levels set up a short. But that early bounce turned out weak and powerless—like I hadn’t even eaten. The 1500 level felt like a welded-on ceiling: the price just barely touched the edge and then got hit hard downwards. After it dropped, there wasn’t even half the strength to bounce back.
Now on-chain funds are continuously flowing out. This feeble bounce on the chart is just the volatility from the retail long side that got trapped up at the top, constantly adding positions and dragging down their average cost. Without support from big capital, this bounce can’t even reach the edge of 1500, let alone talk about any trend reversal. I immediately sold my long positions at their cost basis, then flipped and opened a short at 1488. My target is 1450–1400.
【The views above are for personal reference only and do not constitute investment advice】
#闪迪美光血崩
