$SNDK fell 22% in one session, then bounced hard. I'm not chasing it. My read is bearish. The rebound just stepped into the empty price zone the crash left behind, and I'm waiting for it to stall higher inside that zone before selling. The catch: sellers may already be exhausted. Daily and 12h charts still print lower highs and lower lows, and price sits below every major moving average. Why the short side: - The higher-timeframe downtrend never broke. - The bounce is entering a gap left by the crash, where resting sell orders tend to sit. - The macro backdrop is risk-off after a broad chip sell-off. Stacked resistance in one place tends to slow price. ICT view: inside that gap, the optimal retracement of the crash leg lines up with the 1h 50 EMA. That is the premium zone where I expect distribution, ideally after 15m and 1h structure turn down first. Where I'm wrong: if price reclaims the swing highs from just before the crash and fills the gap, the downtrend read is done and I step aside. Risks: capitulation may have used up the sell-side fuel. And this 24h chart trades about 10% above the Nasdaq close, so the regular-session open could swing hard. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.