SK Hynix fell to 1231, retreating all the way from a high of 1290. On the 15-minute chart, the price has already dropped below the MA20 and MA50—this is a setup where the bears are calling the loudest. But if you pull up the big-account data, it’s an entirely different story.
Big accounts show longs at a ratio of 72.77%, adding 9.15% over seven hours, with long positions rising in sync by 8.71%. When prices get pushed down while big money keeps adding, that’s them stuffing inventory, not dumping it. In the last post, the big money was still cutting long positions; in this one, they’ve turned around and entered—completely the opposite direction.
The order book is also holding up: in the top 20 price levels, there are 54 buy orders versus 11 sell orders; the buy wall is four times larger; and open interest has stacked up by 7.73% to 389 million in one day. The funding rate is pinned at 0—holding long positions costs zero interest.
So I’m not going to avoid this pullback; I’m going long. Wait for the price to reclaim and stand above the 1252 moving average line for confirmation. The first target is the prior high at 1290. Place the stop-loss just below the 24-hour low of 1210.
Under what circumstances do I flip from long to short? If the big-account long ratio turns downward, open interest starts to shrink, or if the daily close breaks below 1210—then the long position will be immediately reversed. #skhynix $SKHYNIX
Big accounts show longs at a ratio of 72.77%, adding 9.15% over seven hours, with long positions rising in sync by 8.71%. When prices get pushed down while big money keeps adding, that’s them stuffing inventory, not dumping it. In the last post, the big money was still cutting long positions; in this one, they’ve turned around and entered—completely the opposite direction.
The order book is also holding up: in the top 20 price levels, there are 54 buy orders versus 11 sell orders; the buy wall is four times larger; and open interest has stacked up by 7.73% to 389 million in one day. The funding rate is pinned at 0—holding long positions costs zero interest.
So I’m not going to avoid this pullback; I’m going long. Wait for the price to reclaim and stand above the 1252 moving average line for confirmation. The first target is the prior high at 1290. Place the stop-loss just below the 24-hour low of 1210.
Under what circumstances do I flip from long to short? If the big-account long ratio turns downward, open interest starts to shrink, or if the daily close breaks below 1210—then the long position will be immediately reversed. #skhynix $SKHYNIX
