The steep drop in SNDK is a window for a golden setup. If youโre trapped in the position, thereโs no need to blindly cut losses
For this pullback, thereโs no need to be overly panicked. If youโre holding positions at high levels and theyโre underwater, itโs also not advisable to blindly cut. Mu Han has a corresponding plan for untangling the position.
From a fundamental perspective, the support remains solid: quarterly revenue is up 51% year-over-year. Demand in the AI storage segment has surged, the industryโs long-term outlook exceeds 300 billion, and with an additional 6 billion share repurchase already completed, the fundamentals are clearly positive.
At the moment, the funding rate has turned negative, indicating that short sellers are crowded. Market sentiment has already swung to extreme pessimism, and the probability of a โturnaround when things have gone too farโ is increasing.
Current price is 1534. The Bollinger mid-band at 1516 forms a key near-term support level for the bulls.
Defense logic: if price effectively breaks below it, stop out and exit to cut riskโrisk remains controllable. If support holds, the next move is to target the Bollinger upper band at 1586, and then look further toward above 1600.
๐ Swing-trade reference
Aggressive: test a long at the current price; add at 1500
Conservative: wait for a pullback near 1500 and build the position in batches:
#SNDKUSDT $SNDK #ARBไธๆถจ30%ๅRobinhood้พๆถๅ
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