$SKHYNIX Break of support, then a rebound— is this a survival wave?
Today, Hynix rebounded up 1.3%, currently trading at 1310.
People who trade based on moving averages might think that once price hits the lower Bollinger Band and then stabilizes, it’s ready to turn up again.
But trading requires looking at the “skeleton” of the larger timeframe: on the 8-hour chart, an uptrend channel lasting more than two months has already been decisively broken to the downside—this is an objective fact.
After key support is broken, the market often comes with a small rebound—its purpose is usually to fill the gap created by the breakdown and test resistance above.
Right now, 1311 is exactly in the middle of this rebound path. The area above 1340–1350 is both where moving-average crossovers press down (after a dead-cross) and also a dense stop-loss zone for earlier longs—so resistance is stacked.
Unless we see a high-volume bullish long candle that decisively regains the lost ground, a rebound at this level is still, in nature, classified as weak “repair.”
When facing post-breakdown price action, discipline always comes first.
If the rebound clearly stalls around 1340, reduce exposure into the bounce or look for right-side opportunities to short—your risk-reward ratio will be clearly superior.
If you try to catch the “flying knife” directly, the downside room for defense becomes extremely wide, and you’ll likely end up at a loss.
Position management is a bigger test of fundamentals than guessing direction. Stay patient and wait for this pullback to print a clear closing signal #英伟达批准1500亿美元回购
$SNDK $MU
Today, Hynix rebounded up 1.3%, currently trading at 1310.
People who trade based on moving averages might think that once price hits the lower Bollinger Band and then stabilizes, it’s ready to turn up again.
But trading requires looking at the “skeleton” of the larger timeframe: on the 8-hour chart, an uptrend channel lasting more than two months has already been decisively broken to the downside—this is an objective fact.
After key support is broken, the market often comes with a small rebound—its purpose is usually to fill the gap created by the breakdown and test resistance above.
Right now, 1311 is exactly in the middle of this rebound path. The area above 1340–1350 is both where moving-average crossovers press down (after a dead-cross) and also a dense stop-loss zone for earlier longs—so resistance is stacked.
Unless we see a high-volume bullish long candle that decisively regains the lost ground, a rebound at this level is still, in nature, classified as weak “repair.”
When facing post-breakdown price action, discipline always comes first.
If the rebound clearly stalls around 1340, reduce exposure into the bounce or look for right-side opportunities to short—your risk-reward ratio will be clearly superior.
If you try to catch the “flying knife” directly, the downside room for defense becomes extremely wide, and you’ll likely end up at a loss.
Position management is a bigger test of fundamentals than guessing direction. Stay patient and wait for this pullback to print a clear closing signal #英伟达批准1500亿美元回购
$SNDK $MU
