$SKHYNIX
- LONG
Entry: 1368.67 – 1373.36
SL: 1331.35
TP1: 1400.76
TP2: 1420.60
TP3: 1450.34
Why this setup?
The daily direction is within the (range), but on the 1-hour timeframe the price at 1371.020 is inside a tight entry zone between 1368.67 and 1373.36. The 15-minute RSI indicator at 67.13 suggests that momentum is building, but it is not yet in an overbought state. The 1-hour ATR indicator at 16.52 also confirms that actual volatility is increasing, meaning a move from the entry zone to TP1 at 1400.76 is plausible, and the trend may continue toward TP2 at 1420.60. This is a trend-following setup, not a counter-trend reversal, so the trade size (sizing) remains standard. However, the invalidation line matches the invalidation level at 1257.45, which must hold to keep the bias intact.
Tap here to trade 👇🏼
$SKHYNIX
- LONG
Entry: 1368.67 – 1373.36
SL: 1331.35
TP1: 1400.76
TP2: 1420.60
TP3: 1450.34
Why this setup?
The daily direction is within the (range), but on the 1-hour timeframe the price at 1371.020 is inside a tight entry zone between 1368.67 and 1373.36. The 15-minute RSI indicator at 67.13 suggests that momentum is building, but it is not yet in an overbought state. The 1-hour ATR indicator at 16.52 also confirms that actual volatility is increasing, meaning a move from the entry zone to TP1 at 1400.76 is plausible, and the trend may continue toward TP2 at 1420.60. This is a trend-following setup, not a counter-trend reversal, so the trade size (sizing) remains standard. However, the invalidation line matches the invalidation level at 1257.45, which must hold to keep the bias intact.
Tap here to trade 👇🏼
$SKHYNIX