SK hynix fell from 1289 to 1251, breaking below the 15-minute dual moving averages. Over a 4-hour period, it printed four consecutive bearish candles against two bullish ones. Meanwhile, open interest over the last 7 hours also shrank by 5.9%, leaving the chart showing signs of weakening. But during the same window, large traders increased long positions against the trend by nearly 20%. The long position ratio climbed to 75%, and the long-to-short account ratio rose to 2.43.
With the price pulling back 3%, positions are actually getting thicker—this doesn’t look like an exit pattern. What’s shrinking are unrealized gains and passive leverage; the big money hasn’t left. Instead, it’s stacking longs around 1250. The funding rate turned slightly negative, and the active buy-side dropped to only 46%—which in fact suggests longs haven’t been squeezed out. If the top were really in, it would be retail having a frenzy while whales quietly withdraw; but right now it’s the opposite.
So I’m directly bullish. The daily trend is still UP: up 2.65% over the last 24 hours. This pullback is a discount, not a face turn. The broken moving averages and bearish candles are tools for shaking out, not direction signals. The stop-loss goes at the 24h low, 1206. As long as the whales’ long position ratio doesn’t turn back and the price doesn’t break 1206, every time the shorts hit the market, it’s ammo delivered to the longs.
If a right-side turn to weakness truly appears—if the whale long ratio flips down from 75% and the 4-hour chart breaks below 1206—then I’ll immediately reverse and short. At this current level, go long. #skhynix $SKHYNIX
With the price pulling back 3%, positions are actually getting thicker—this doesn’t look like an exit pattern. What’s shrinking are unrealized gains and passive leverage; the big money hasn’t left. Instead, it’s stacking longs around 1250. The funding rate turned slightly negative, and the active buy-side dropped to only 46%—which in fact suggests longs haven’t been squeezed out. If the top were really in, it would be retail having a frenzy while whales quietly withdraw; but right now it’s the opposite.
So I’m directly bullish. The daily trend is still UP: up 2.65% over the last 24 hours. This pullback is a discount, not a face turn. The broken moving averages and bearish candles are tools for shaking out, not direction signals. The stop-loss goes at the 24h low, 1206. As long as the whales’ long position ratio doesn’t turn back and the price doesn’t break 1206, every time the shorts hit the market, it’s ammo delivered to the longs.
If a right-side turn to weakness truly appears—if the whale long ratio flips down from 75% and the 4-hour chart breaks below 1206—then I’ll immediately reverse and short. At this current level, go long. #skhynix $SKHYNIX
