SKHYNIX is now at 1009—same old script again.
Coming up from 988, yet you still can’t touch 1080. The recent highs at 1196, 1177, and 1080 have been lower one after another. This time it even pulled back below the 20-line, and within 24 hours it’s still ended green for about a half.
The problem is the positions. The price went up 16 points in a day—money is definitely coming in—but the price doesn’t rise and instead falls. Isn’t this just handing out an exit opportunity to bagholders trapped above?
There aren’t even any big spot orders. The order book sell pressure is still there pressing down on buys. It looks like things are going on, but in reality nobody is taking it.
At this level, chasing longs isn’t that great in terms of cost-effectiveness. Wait for direction.
It’s truly unbeatable.
#skhynix $SKHYNIX
Coming up from 988, yet you still can’t touch 1080. The recent highs at 1196, 1177, and 1080 have been lower one after another. This time it even pulled back below the 20-line, and within 24 hours it’s still ended green for about a half.
The problem is the positions. The price went up 16 points in a day—money is definitely coming in—but the price doesn’t rise and instead falls. Isn’t this just handing out an exit opportunity to bagholders trapped above?
There aren’t even any big spot orders. The order book sell pressure is still there pressing down on buys. It looks like things are going on, but in reality nobody is taking it.
At this level, chasing longs isn’t that great in terms of cost-effectiveness. Wait for direction.
It’s truly unbeatable.
#skhynix $SKHYNIX