Trader Ansem Says Micron, AI Stocks May Be Near a Rebound

Cointime reports: Crypto trader @blknoiz06 (Ansem) said on Nov. 6 that Micron and some of this week’s worst-hit AI-related stocks may be close to a rebound. Micron has fallen about 34% in a week and selling pressure now looks excessive, Ansem said, projecting a possible weekly gain but remaining cautious on the longer trend. A bounce to prior support could offer a chance to cut risk before a longer consolidation, with the eventual bottoming process slower and less volatile than this selloff.