I. Market Trend Analysis
1️⃣ Naked K Line:
A steady downward drift; 62500 is a short-term support. However, it’s not very easy to trade the big BTC right now. The support could be broken at any time, and there is also a possibility of dropping further by 60. But there’s also a chance it could rise to squeeze shorts and then drop again. You can stay in cash and observe, or prioritize looking at US stock tokens like SanDisk, Hynix, and Micron. Wait until BTC forms a good bottom before going long, to avoid repeatedly taking losses.
2️⃣ Resistance and Support:
- Upper resistance: 62500
- Lower support: 65500
II. Trading Strategy
Trading pair: SKHYNIX
Suggested direction: Long
Entry: 1155 ± 5
Take-profit: 1210 / 1280
Stop-loss: 1100
Control your position sizing and make independent decisions based on your own risk tolerance.
III. Risk Control
1. Position management:
Single-trade position size should not exceed 5% of total capital.
2. Stop-loss setting:
It’s not recommended to move the stop-loss. If you’re right, the market gives you face; if you’re wrong, it means your understanding isn’t there yet.
$SKHYNIX
1️⃣ Naked K Line:
A steady downward drift; 62500 is a short-term support. However, it’s not very easy to trade the big BTC right now. The support could be broken at any time, and there is also a possibility of dropping further by 60. But there’s also a chance it could rise to squeeze shorts and then drop again. You can stay in cash and observe, or prioritize looking at US stock tokens like SanDisk, Hynix, and Micron. Wait until BTC forms a good bottom before going long, to avoid repeatedly taking losses.
2️⃣ Resistance and Support:
- Upper resistance: 62500
- Lower support: 65500
II. Trading Strategy
Trading pair: SKHYNIX
Suggested direction: Long
Entry: 1155 ± 5
Take-profit: 1210 / 1280
Stop-loss: 1100
Control your position sizing and make independent decisions based on your own risk tolerance.
III. Risk Control
1. Position management:
Single-trade position size should not exceed 5% of total capital.
2. Stop-loss setting:
It’s not recommended to move the stop-loss. If you’re right, the market gives you face; if you’re wrong, it means your understanding isn’t there yet.
$SKHYNIX
