$SKHYNIX / USDT: Rejection at Key Resistance Zone! 📉⚡
After a sharp bounce from the $884.17 bottom, #SKHYNIX got heavily rejected near the $1,161.60 local high. The lower timeframe (30m) structure is turning bearish once again.
📊 Technical Analysis Breakdown:
Support Levels: Immediate intra-day support lies around $1,048, with macro support down at $884.17.
Resistance Zone: Severe selling pressure near $1,105 - $1,161 (Dynamic resistance from MA lines on 4H/1W).
Current Action: 30m chart shows lower highs, indicating momentum is shifting back to the bears unless $1,105 is reclaimed.
🎯 Trade Game Plan:
🔴 Bias: Bearish / Short on Retests
🛑 Invalidation/SL: Above $1,165.00
🎯 Downside Targets: $1,050 ➡️ $1,000 ➡️ $950
⚠️ Risk Note: High volatility asset! Wait for proper candle closes near key support or resistance before taking leverage.
After a sharp bounce from the $884.17 bottom, #SKHYNIX got heavily rejected near the $1,161.60 local high. The lower timeframe (30m) structure is turning bearish once again.
📊 Technical Analysis Breakdown:
Support Levels: Immediate intra-day support lies around $1,048, with macro support down at $884.17.
Resistance Zone: Severe selling pressure near $1,105 - $1,161 (Dynamic resistance from MA lines on 4H/1W).
Current Action: 30m chart shows lower highs, indicating momentum is shifting back to the bears unless $1,105 is reclaimed.
🎯 Trade Game Plan:
🔴 Bias: Bearish / Short on Retests
🛑 Invalidation/SL: Above $1,165.00
🎯 Downside Targets: $1,050 ➡️ $1,000 ➡️ $950
⚠️ Risk Note: High volatility asset! Wait for proper candle closes near key support or resistance before taking leverage.