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Image 1: SK Hynix’s 985 was a false breakout, so according to yesterday’s analysis, it’ll keep falling today and tomorrow.
Image 2: The 930 support level was decisively broken. It’ll return to where it came from yesterday. For tonight, we can first watch the area around 850; tomorrow’s Korean stock market open is the main event. #skhy #Anthropic refuses to delay its IPO—what valuation will it seek on this week’s roadshow?
Major bearish news—the short position is profitable again $ETH
神冥bit
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$ETH As mentioned in the earlier analysis, once the daily chart broke below 2,150, it was likely to reach around 2,000—and could even break below 2,000, since the daily support level below is at 1,950. These rallies over the past few days have all been opportunities to go short.
If you missed the chance to short around 2,200, there have been opportunities to go short around 2,140 over the past couple of days. Just be patient and hold until around 2,000 to take profit.