This INTC order book is laughable—the buy volume isn’t even a third of the sell volume. The 4-handle is above 0.313, so what are the bulls supposed to buy into? The price has already fallen hard below both the MA20 and MA50. It can’t break through 109.65 or hold 106, and now it’s clinging to life at 104.6. Open interest in futures surged 20% in seven hours, but the price is still getting hammered—that’s shorts adding to their positions, not dip-buying. Short it straight at 109.40, with a first target of 104.00 and a second target of 100.80. Set your stop at 114.00 and hold firm. With buying depth like this, any bounce is just serving up fresh meat for shorts. Below 104 there’s nothing but thin air—just wait for the drop to accelerate.