The price spiked to 1239.8 but failed to hold, and SKHYNIX pulled back to 1231, landing right below the 15-minute MA20. What feels awkward is not the price itself, but the open interest — up 6.33% in a day and still rising over the past seven hours. Money is coming in, yet price refuses to confirm it.
The aggressive flow says it all: taker buy volume is only 32%, sell volume is more than double buy volume, and the taker long/short ratio is 0.47. This bullish candle run from 1202 to 1237 has been getting slammed harder the higher it goes; every push higher is basically handing the knife to the opposing side.
Funding is not helping either: the current rate is 0.00187%, lower than even the 8x average, and longs are not willing to pay a premium. Large-account long positions have surged to 81.5%, jumping 67.85% in seven hours. With this kind of crowding plus sell-dominated aggressive flow, it looks more like distribution than support.
I’m choosing short. Above 1239.8 is the stop-loss line; if price later reclaims 1240 with volume and aggressive buys recover to above 50%, I’ll admit I’m wrong and reverse. #skhynix $SKHYNIX
The aggressive flow says it all: taker buy volume is only 32%, sell volume is more than double buy volume, and the taker long/short ratio is 0.47. This bullish candle run from 1202 to 1237 has been getting slammed harder the higher it goes; every push higher is basically handing the knife to the opposing side.
Funding is not helping either: the current rate is 0.00187%, lower than even the 8x average, and longs are not willing to pay a premium. Large-account long positions have surged to 81.5%, jumping 67.85% in seven hours. With this kind of crowding plus sell-dominated aggressive flow, it looks more like distribution than support.
I’m choosing short. Above 1239.8 is the stop-loss line; if price later reclaims 1240 with volume and aggressive buys recover to above 50%, I’ll admit I’m wrong and reverse. #skhynix $SKHYNIX
