$SanDisk Corp.(SNDK)$ I planned this $Roundhill Memory ETF(DRAM)$ trade at 54 a few days back, before the setup even showed up. After a big push higher over the past week, DRAM pulled back nearly 12% from the recent high, right into a new support area.
From here I see two paths: a solid bounce over the next couple days, or support gives way and we see another leg lower. I'm positioned for the bounce, but I'm open to adding lower if support breaks. Position size will depend on how the ETF moves.
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