#MicronBottomOrTrap

It finally feels like the chips stocks are going to zero, but late July is known for spikes in volatility. Capitulation lows getting closer? $INTC $MRVL $SNDK $MU $DRAM $SKHYNIX

ASIA’S BIGGEST AI MARKETS ARE COLLAPSING SIMULTANEOUSLY... Over $950 billion has been wiped out from just 3 stock markets today. - KOSPI: down 10.8%, $520-550B erased - TAIEX: down 4.65%, Taiwan's 3rd-largest point drop ever - Nikkei: down 4.33%, $160-180B erased Today's FOMC rate decision and China chip supply fears are causing the crash. KOSPI has already crashed 41% in the last 37 days. The last time we saw a crash this size was 2008, and that took almost 300+ days to fall 57%. This time, we saw a similar crash within a fraction of that time. Stock markets often weaken in the second half of midterm years, and that’s also when Bitcoin has historically found its bottom. $BTC

ASIA’S BIGGEST AI MARKETS ARE COLLAPSING SIMULTANEOUSLY... Over $950 billion has been wiped out from just 3 stock markets today. - KOSPI: down 10.8%, $520-550B erased - TAIEX: down 4.65%, Taiwan's 3rd-largest point drop ever - Nikkei: down 4.33%, $160-180B erased Today's FOMC rate decision and China chip supply fears are causing the crash. KOSPI has already crashed 41% in the last 37 days. The last time we saw a crash this size was 2008, and that took almost 300+ days to fall 57%. This time, we saw a similar crash within a fraction of that time. Stock markets often weaken in the second half of midterm years, and that’s also when Bitcoin has historically found its bottom.#OKXTraderVoices

🔴 $RE Bearish Alert 📉 A $4.9033K long liquidation at $0.49329 indicates leveraged bulls have been forced out, adding short-term selling pressure. The liquidation level around $0.49329 now acts as a key resistance zone until buyers reclaim it with strong momentum. 💰 Entry Zone: $0.491–$0.493 (on rejection) 🎯 Targets: $0.485 → $0.478 → $0.470 🛑 Stop Loss: Above $0.502 📍 Support: $0.485–$0.478 📍 Resistance: $0.49329–$0.502 As long as RE remains below $0.49329, sellers are likely to maintain pressure, targeting $0.485 first and $0.478 next. A decisive breakdown below support could extend losses toward $0.470, while a sustained move above $0.502 would invalidate the bearish setup and increase the probability of a short-term recovery. Strength Rating: ⭐⭐⭐☆☆ (3/5 Bearish) — The $4.9033K long liquidation supports short-term downside pressure, but the liquidation size suggests a moderate bearish signal #SpaceX1.6BDeal #AIStoryDiverges #MicronBottomOrTrap

$OKB Price action is trading around 85.61, sitting at dynamic MA5 (85.61) and above MA10 (84.02) and MA20 (82.41). EP 84.00 - 85.61 TP 87.72 90.00 95.00 SL 81.50 Price remains in a strong multi-week uptrend, consolidating near local high resistance at 87.72. Holding above dynamic MA5 (85.61) and MA10 (84.02) indicates solid bullish momentum ready for upside continuation. Let's go $OKB #BTCNasdaqDecouples #NewHereStartHere #MicronBottomOrTrap

$MU Micron's fundamentals haven't deteriorated; it's just cooperating with South Korea to clear high leverage. It's just that too many of you have heavily bottom-fished. Actually, it hasn't dropped much; the price has just returned to where it was in May. It's not time for a halving yet... When the leverage cleanup is mostly done, there will be a proper rebound. 1200 might be a cyclical top, maybe or maybe not. If it rises again in the first quarter of next year, that should be the peak...#FedRateDecision #BigTechEarningsNight #SKHynixRecordMiss

Micron’s CEO sold big last week. Was it a warning sign? Read more:

$MU at 700 looks spicy there 🌶️

Added more $MU today. The thesis is pretty simple...buy low, sell high! When I can buy a stock with a forward PE of ~5, that means even if the forward profits deteriorates by 50%, and they simply get a PE of 10, they could still maintain their current stock price. How many companies could have 50% decline in expected future profits and would maintain their price if they got a PE of 10!? 🤯 But even more interesting, is that there is no evidence that their estimated profits will deteriorate. All the evidence, such as $GOOGL increasing CapEx, $100 Billion worth of long-term contracts with huge deposits, and the rapid increase of AI adoption across the world, point to continued demand for AI and memory. So the question is: what happens if Micron's profits continue to grow for the next couple of years?