$SKHYNIX got pushed to the limit. I’m standing on the short side for this move. The daily and four-hour charts are still pointing upward, and the price is indeed pinned above the moving averages—but the order flow is making it clear that it won’t accept it: in the spot 20-level order book, the sell orders at 75.61 are capping the buy orders at 60.26. On the futures side, the passive sell orders make up 54%. Over the past seven hours, the position volume has shrunk by nearly 3%, and the funding rate is still negative. The 1194 high was dumped back to 1157—structure is calling for a rise, but the money is all running away. Short directly at 1157, targets 1108 and 1063, with a stop-loss at 1205 placed above 1194.