$SNDK Earnings results are out, and good news has immediately turned into bad news!
SanDisk’s earnings were quite impressive this time: Q1 revenue was $11 billion, up 23% quarter over quarter, with revenue expected to continue growing next quarter.
But judging by the current price action, the market has fallen steadily after rebounding to 1380, suggesting expectations had already been priced in. Too many people piled into long positions, so naturally the market has pulled back.
Based on current price action, don’t rush to buy the dip just yet. Pay close attention to the 1261 support level. If the price retests it, holds, and shows signs of stabilizing, you could try a small long position;
If the rebound encounters resistance around 1280–1300, consider shorting in the direction of the trend. If the price breaks decisively below 1261, watch for a further pullback to 1245–1250. The short-term trend will only have a chance to strengthen once the price gets back above 1300 on increased volume.
$MAGMA $ETH #加密杠杆头寸24小时清算15亿美元 #KOSPI falls 3.53%, slipping back below 6000
SanDisk’s earnings were quite impressive this time: Q1 revenue was $11 billion, up 23% quarter over quarter, with revenue expected to continue growing next quarter.
But judging by the current price action, the market has fallen steadily after rebounding to 1380, suggesting expectations had already been priced in. Too many people piled into long positions, so naturally the market has pulled back.
Based on current price action, don’t rush to buy the dip just yet. Pay close attention to the 1261 support level. If the price retests it, holds, and shows signs of stabilizing, you could try a small long position;
If the rebound encounters resistance around 1280–1300, consider shorting in the direction of the trend. If the price breaks decisively below 1261, watch for a further pullback to 1245–1250. The short-term trend will only have a chance to strengthen once the price gets back above 1300 on increased volume.
$MAGMA $ETH #加密杠杆头寸24小时清算15亿美元 #KOSPI falls 3.53%, slipping back below 6000
