SNDK 818.8 now https://www.binance.com/en/futures/SOXLUSDT?_from=markets&ref=GMGNX dyor - The downtrend is still going. Every bounce is getting weaker. The stock has fallen 66% from its 52-week high of 2,354 to below 800. It jumped to 850 in Sunday night trading, but dropped back to 815 in pre-market today. Each bounce is making a lower high: 912 → 850 → 815. Sellers are waiting at every bounce to sell. The AI hardware sell-off is mainly about lower valuations, not weak earnings. Earnings are still fine. The average analyst price target is 2,268. Part of this drop is also driven by forced selling. Trading plan: Short at 842–858, stop loss at 876, target at 752. If it breaks below 770, don't try to catch the bottom. Next levels to watch are 750 and 700.