$SNDK 24 hours saw a 5.28% drop, and the price has returned to around 1695. On-chain futures open interest is 151,300 lots, and the funding rate is 0—longs and shorts are temporarily balanced.
Last night, Trump posted again on his own social platform about trade, and the market immediately started trading on the semiconductor sector’s supply-chain risk. As $SNDK is an on-chain semiconductor-related asset, it was pulled down directly by sentiment. This isn’t a fundamental issue—it's purely panic-driven selling triggered by the news.
But there’s a contradiction in this sell-off: while the price is falling, open interest is rising, which suggests that some funds are stepping in and betting on a rebound. With the funding rate at zero, both leveraged longs and shorts have little cost, so the deadlock may be broken soon.
I think there’s still room for further downside in the short term. Trump’s post hasn’t fully been digested yet; market sentiment is fragile, and any small rumor can trigger a cascade of liquidations. If he posts another tough trade statement, $SNDK could directly test the 1650 support.
I’m currently opening a short position to test the waters. Direction: short $SNDK . Leverage: 3x. Stop-loss: 1720; if it breaks above the previous high, I’ll admit I’m wrong. Take-profit: first target at 1650. Position size: 5% of total capital.
If the price holds steady above 1720, the short thesis will fail, and I’ll switch to going long.
Trading tag: #TradFi #链上美股 #SNDK
Where do you think this analysis is most likely to be wrong?
Last night, Trump posted again on his own social platform about trade, and the market immediately started trading on the semiconductor sector’s supply-chain risk. As $SNDK is an on-chain semiconductor-related asset, it was pulled down directly by sentiment. This isn’t a fundamental issue—it's purely panic-driven selling triggered by the news.
But there’s a contradiction in this sell-off: while the price is falling, open interest is rising, which suggests that some funds are stepping in and betting on a rebound. With the funding rate at zero, both leveraged longs and shorts have little cost, so the deadlock may be broken soon.
I think there’s still room for further downside in the short term. Trump’s post hasn’t fully been digested yet; market sentiment is fragile, and any small rumor can trigger a cascade of liquidations. If he posts another tough trade statement, $SNDK could directly test the 1650 support.
I’m currently opening a short position to test the waters. Direction: short $SNDK . Leverage: 3x. Stop-loss: 1720; if it breaks above the previous high, I’ll admit I’m wrong. Take-profit: first target at 1650. Position size: 5% of total capital.
If the price holds steady above 1720, the short thesis will fail, and I’ll switch to going long.
Trading tag: #TradFi #链上美股 #SNDK
Where do you think this analysis is most likely to be wrong?