SMCI broke the daily consolidation.

broke the tight daily consolidation to the downside today, confirming a short entry at $600 after losing daily demand. I will keep it on watch tomorrow with any weakness in and for a potential continuation play down to the next daily demand.

Trade closed: target reached

SMCI confirmed the short continuation on the Hindenburg Research report and traded all the way down to the daily lower Bollinger Band, where the trade was closed. I noticed significant weekly $595 put flow yesterday, just prior to the $600 breakdown, which gave additional confidence in this trade.

DMT_Doctor

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