The active buy ratio is down to just 23%, and active sell orders are more than three times buy orders, yet SKHYNIX has been pinned around 1279 for an entire day — with selling pressure this fierce, it still can't print a new low, which is itself a signal.
In the four-hour chart, six candles include four bullish and two bearish, and price has stayed above the 15-minute 20/50 dual moving averages. The 24-hour high at 1290 is right overhead. Even with heavy dumping, the 1272.7 bottom hasn't been broken, and all the supply thrown out has been absorbed.
The ones absorbing it are the big players: the whale account's long ratio over 7 hours rose another 4.98%, with long positions accounting for 74.7% and still climbing. Funding rates are back to zero and remain below the 8-hour average, meaning longs haven't paid a single cent in premium — this isn't chasing strength, it's accumulation at low levels.
Bears keep opening shorts again and again below 1290, and the more they short, the more passive they become. Once volume pushes through 1290.87, these people become fuel, and a pullback to around 1274 is actually an entry point.
There is only one situation in which I turn bearish: a heavy-volume break below 1272.7, and the whale long ratio turns downward. Before that, I'm long without explanation.#skhynix $SKHYNIX
In the four-hour chart, six candles include four bullish and two bearish, and price has stayed above the 15-minute 20/50 dual moving averages. The 24-hour high at 1290 is right overhead. Even with heavy dumping, the 1272.7 bottom hasn't been broken, and all the supply thrown out has been absorbed.
The ones absorbing it are the big players: the whale account's long ratio over 7 hours rose another 4.98%, with long positions accounting for 74.7% and still climbing. Funding rates are back to zero and remain below the 8-hour average, meaning longs haven't paid a single cent in premium — this isn't chasing strength, it's accumulation at low levels.
Bears keep opening shorts again and again below 1290, and the more they short, the more passive they become. Once volume pushes through 1290.87, these people become fuel, and a pullback to around 1274 is actually an entry point.
There is only one situation in which I turn bearish: a heavy-volume break below 1272.7, and the whale long ratio turns downward. Before that, I'm long without explanation.#skhynix $SKHYNIX
