$SNDK : The risk of being trapped in long positions may be greater than that of short positions
SNDK recently surged before quickly pulling back, leaving investors who went long above $1,200 under considerable pressure. Contract data shows that the proportion of long accounts is notably high, and the funding rate is also positive, indicating that long positions are crowded. If the price weakens, stop-losses and liquidations could easily amplify the decline.
However, SanDisk’s fundamentals are not bad, and demand for storage in AI data centers remains a source of support. The key levels to watch next are $1,150–$1,175: can the price reclaim and hold this range? If it breaks above it, longs trapped at higher levels may still have a chance to recover on a rebound. Conversely, if it falls below $1,108, or even tests $1,050 again, be wary of downside risk.
Yan Yan’s view: This is not the time to blindly buy the dip. First, watch to see whether the rebound can hold above key levels. For longs to recover, they first need to reclaim resistance.
#美国中期选举：市场有哪些期待？
SNDK recently surged before quickly pulling back, leaving investors who went long above $1,200 under considerable pressure. Contract data shows that the proportion of long accounts is notably high, and the funding rate is also positive, indicating that long positions are crowded. If the price weakens, stop-losses and liquidations could easily amplify the decline.
However, SanDisk’s fundamentals are not bad, and demand for storage in AI data centers remains a source of support. The key levels to watch next are $1,150–$1,175: can the price reclaim and hold this range? If it breaks above it, longs trapped at higher levels may still have a chance to recover on a rebound. Conversely, if it falls below $1,108, or even tests $1,050 again, be wary of downside risk.
Yan Yan’s view: This is not the time to blindly buy the dip. First, watch to see whether the rebound can hold above key levels. For longs to recover, they first need to reclaim resistance.
#美国中期选举：市场有哪些期待？
