SanDisk, Micron, and SK Hynix are going through a brutal deleveraging process, and everyone is operating at a loss. Based on experience from the crypto market, the 50% pullback range is a good spot to go heavy and bet on a rebound. If the rebound is strong, it could form a bottom, and new highs are possible. If the rebound is weak and consolidates for a while, it could drop 70%-80%, wiping out all leverage. Dip-buying reference: SanDisk: 50% range 1200-1300 Micron: 600-800 SK Hynix: 1000-1200