That round of the BTC strategy has been successfully realized and the structure has been verified properly. The accumulation signal has actually appeared several times already, but this time I saw a more complete verification structure.
$SKHYNIX has repeatedly tested the same area within the daily range, yet the volume has not shown any obvious decline. This kind of low-volume pullback combined with moving-average confluence—typically—is the final shakeout action before big money moves in. On the four-hour timeframe, the price repeatedly closes with long lower wicks, which suggests that downside support is solid. On several attempts, the bears tried to push the price down, but they failed to maintain continuity.
What we need to do is not to predict direction, but to wait for confirmation and then follow the signal. From what I see on the current chart, the buildup is close to its end; an upside breakout is only a matter of time. The tail end of a range-bound consolidation often comes with a false breakout that lures shorts. The real direction choice will come very quickly. I therefore believe that this time the long trade’s risk-reward ratio is more favorable.
🟢 Trade direction: Long
📍 Entry range: 1418.81001 – 1423.71143
🛑 Stop loss: 1355.69620
🎯 Take profit 1: 1470.43410
🎯 Take profit 2: 1503.21635
🎯 Take profit 3: 1552.38974
No need to chase the hype—the hype will stay put on its own.
Walk side by side with Sister Li; let every inch of time echo.
#SKHYNIX
Click below to trade 👇
$SKHYNIX has repeatedly tested the same area within the daily range, yet the volume has not shown any obvious decline. This kind of low-volume pullback combined with moving-average confluence—typically—is the final shakeout action before big money moves in. On the four-hour timeframe, the price repeatedly closes with long lower wicks, which suggests that downside support is solid. On several attempts, the bears tried to push the price down, but they failed to maintain continuity.
What we need to do is not to predict direction, but to wait for confirmation and then follow the signal. From what I see on the current chart, the buildup is close to its end; an upside breakout is only a matter of time. The tail end of a range-bound consolidation often comes with a false breakout that lures shorts. The real direction choice will come very quickly. I therefore believe that this time the long trade’s risk-reward ratio is more favorable.
🟢 Trade direction: Long
📍 Entry range: 1418.81001 – 1423.71143
🛑 Stop loss: 1355.69620
🎯 Take profit 1: 1470.43410
🎯 Take profit 2: 1503.21635
🎯 Take profit 3: 1552.38974
No need to chase the hype—the hype will stay put on its own.
Walk side by side with Sister Li; let every inch of time echo.
#SKHYNIX
Click below to trade 👇