$SNDK A do-or-die battle! Whales are shaking out the market aggressively—is 910 the shorts’ graveyard or a trap for longs?
The market is always right; only our stubborn convictions are wrong.
SNDK formed a deep V on the 1-hour chart, rebounding from a long lower wick that probed the bottom at $791 to $894, but it is facing clear resistance from the moving averages above. In light of the latest news, U.S. storage and optical communications stocks are broadly lower, with SNDK down nearly 3%. Macro sentiment is bearish, and short-term selling pressure remains.
There was a net outflow of funds over the 1-hour period, but net inflows over the 4–8-hour timeframe. The acceleration of fund inflows reached as high as 5.88x, suggesting that major players are aggressively shaking out the market! The liquidation map shows a massive short liquidation zone between 910 and 940, while longs below have already been mostly cleared out.
Trading strategy
Long positions: If volume surges and price decisively breaks through the strong resistance at 900–910, go long without hesitation and ride the short liquidations, targeting around 940–1000.
This looks very much like a classic “bear trap and short squeeze” setup. Much like the sell-off and shakeout after Micron’s earnings report, what looked like a breakdown was actually accumulation.
#英伟达Q3财报将至：能否化解市场疑虑？ #比特币连续五周下跌
The market is always right; only our stubborn convictions are wrong.
SNDK formed a deep V on the 1-hour chart, rebounding from a long lower wick that probed the bottom at $791 to $894, but it is facing clear resistance from the moving averages above. In light of the latest news, U.S. storage and optical communications stocks are broadly lower, with SNDK down nearly 3%. Macro sentiment is bearish, and short-term selling pressure remains.
There was a net outflow of funds over the 1-hour period, but net inflows over the 4–8-hour timeframe. The acceleration of fund inflows reached as high as 5.88x, suggesting that major players are aggressively shaking out the market! The liquidation map shows a massive short liquidation zone between 910 and 940, while longs below have already been mostly cleared out.
Trading strategy
Long positions: If volume surges and price decisively breaks through the strong resistance at 900–910, go long without hesitation and ride the short liquidations, targeting around 940–1000.
This looks very much like a classic “bear trap and short squeeze” setup. Much like the sell-off and shakeout after Micron’s earnings report, what looked like a breakdown was actually accumulation.
#英伟达Q3财报将至：能否化解市场疑虑？ #比特币连续五周下跌
