
A market that kills leverage looks like this. It features extremely high volatility and moves with incredible speed—rapid, back-to-back moves that catch all leveraged traders off guard, leaving them no time to react. I’m very familiar with this, given my background in crypto. I know you’re eager, but don’t rush—because it’s about to get faster. Once leverage is fully liquidated and the downtrend completes its pattern, a strong rebound is highly likely. $MU and $SNDK are both forming similar structures—picture a simple zigzag: We’re currently in the fifth wave of the first downtrend, followed by a three-wave rebound. When everyone thinks the bull is returning, another five-wave decline will wipe out everyone again. If it doesn’t stay a simple zigzag and evolves into a double zigzag or something more complex, the correction level would be excessive—and brutal. Because if that happened, the depth and duration would qualify as a full bear market, which we don’t yet see. So don’t panic. Think of the first correction phase as nearing its end. Over the next one to two weeks, stay closely watchful—you’ll likely get a strong entry opportunity soon.