This ballon looks like it’s running out of airBe very careful buying the dip on SMCI, there is literally not floor underneath.
There is hardly any support beyond where it’s sitting at the moment. If it fails to bounce here we are talking a drop to the $300 level.
The trend is your friend, I’m afraid that remains to the downside.
Do what’s best for you. This is not financial advice, just my thoughts.