Gained almost four percentage points. A bunch of brothers thought SKHYNIX was about to just launch straight up—so I flipped the spot order book and couldn’t help laughing out loud. 😏
That sell wall above is stacked almost twice as thick as the buy side; all the shares are sitting there waiting for the folks chasing the breakout to take them.
Price has been rubbing along this round high for the whole day—it looks hard. In the active trades, the buy side is less than half, and over seven hours the buying strength has shrunk by about another 20%. Sure, it’s up—but the money to pick up the slack is drying up. The more the order book gets pressed, the thicker the wall; this isn’t a breakout—it’s stubbornly holding up at the top, waiting for others to lift the sedan.
Real money is the most honest: the sell orders are twice the buy orders. Any bullish spike K-line is basically delivering an invitation for that pile of inventory above to sell it straight to you. The bulls shout “break previous highs” but none of them dares to actually put their money where their mouth is. If it can’t push through, it’s going to get dragged back down to where the move started.
Just sit and watch how this rally gets puked back out. Unless one day the bid side in the order book flips and surpasses the ask side—active buying reasserts and pushes back above 55%—then I’ll turn around and call long again. Right now? Don’t believe, and don’t hold inventory for delivery. 🈳！ #skhynix $SKHYNIX
That sell wall above is stacked almost twice as thick as the buy side; all the shares are sitting there waiting for the folks chasing the breakout to take them.
Price has been rubbing along this round high for the whole day—it looks hard. In the active trades, the buy side is less than half, and over seven hours the buying strength has shrunk by about another 20%. Sure, it’s up—but the money to pick up the slack is drying up. The more the order book gets pressed, the thicker the wall; this isn’t a breakout—it’s stubbornly holding up at the top, waiting for others to lift the sedan.
Real money is the most honest: the sell orders are twice the buy orders. Any bullish spike K-line is basically delivering an invitation for that pile of inventory above to sell it straight to you. The bulls shout “break previous highs” but none of them dares to actually put their money where their mouth is. If it can’t push through, it’s going to get dragged back down to where the move started.
Just sit and watch how this rally gets puked back out. Unless one day the bid side in the order book flips and surpasses the ask side—active buying reasserts and pushes back above 55%—then I’ll turn around and call long again. Right now? Don’t believe, and don’t hold inventory for delivery. 🈳！ #skhynix $SKHYNIX
