$SNDK Can we still short tonight? Haitang is already in! 💪💪
Some followers asked whether I’d short SanDisk tonight. Here’s the conclusion first: I’ve already entered and positioned myself!
Based on the current funding data, the bears clearly have the upper hand. The number of short sellers has reached 482—more than twice the number of long sellers—and short positions are now worth over 82 million U, nearly three times the longs’ 31 million U. Long positions are concentrated around an average price of 1,408, so there’s considerable selling pressure overhead. A strong short-term rebound won’t come easily.
Looking at fund flows, large investors and whales are still steadily exiting, and buying support is weak. For now, there are no clear signs that the price has bottomed out. Combined with the liquidation data, trying to buy the dip recklessly could easily leave you stuck holding a losing position. If the market keeps falling, those chasing longs could instead provide liquidity for the bears.
My plan for tonight leans bearish, with an initial target around 1,340! Pay attention to your entry point and position sizing, and plan any additional entries in advance too. 🔥
$SKHYNIX $SOXL #OCC发布GENIUS法案首个最终规则 #韩国散户单股杠杆ETP亏损6.3万亿韩元
Some followers asked whether I’d short SanDisk tonight. Here’s the conclusion first: I’ve already entered and positioned myself!
Based on the current funding data, the bears clearly have the upper hand. The number of short sellers has reached 482—more than twice the number of long sellers—and short positions are now worth over 82 million U, nearly three times the longs’ 31 million U. Long positions are concentrated around an average price of 1,408, so there’s considerable selling pressure overhead. A strong short-term rebound won’t come easily.
Looking at fund flows, large investors and whales are still steadily exiting, and buying support is weak. For now, there are no clear signs that the price has bottomed out. Combined with the liquidation data, trying to buy the dip recklessly could easily leave you stuck holding a losing position. If the market keeps falling, those chasing longs could instead provide liquidity for the bears.
My plan for tonight leans bearish, with an initial target around 1,340! Pay attention to your entry point and position sizing, and plan any additional entries in advance too. 🔥
$SKHYNIX $SOXL #OCC发布GENIUS法案首个最终规则 #韩国散户单股杠杆ETP亏损6.3万亿韩元