Is Hynix still buying the dip? $SKHYNIX keeps breaking down—don’t rush into a long position on the rebound!
Some people still can’t read the current market clearly, so let me give you a quick analysis. If you’re thinking of trading Hynix, make sure you read this to the end—it could save you from a lot of costly mistakes 👇👇
After peaking at 1386.5, it’s been in a downtrend. There were a few rebounds along the way, but none managed to hold above the monthly moving average. That was enough for me to conclude that the rebounds were just traps to lure in buyers and give bears an opportunity. After briefly consolidating over the past two days, it broke down again and pulled back. The price is currently at 1205.9. Rebound volume continues to weaken, and overhead selling pressure remains strong. The DIF has crossed below the DEA, and the green bars are growing, signaling that bearish momentum is building again. So I’m bearish on Hynix.
Trade plan:
Short Hynix at the current price of 1202 with an initial position, and add to it if it rebounds. Set the take-profit at 1180.
Those are my thoughts and trading suggestions for Hynix. They’re for reference only. I’ll continue placing trades during the day, so if you want to follow along, check out my chatroom!!!
#以太坊突破2500USDT #以太坊ETF连续9日净流出 #Ledger确认用户设备遭植入未授权硬件 $SNDK $MU
Some people still can’t read the current market clearly, so let me give you a quick analysis. If you’re thinking of trading Hynix, make sure you read this to the end—it could save you from a lot of costly mistakes 👇👇
After peaking at 1386.5, it’s been in a downtrend. There were a few rebounds along the way, but none managed to hold above the monthly moving average. That was enough for me to conclude that the rebounds were just traps to lure in buyers and give bears an opportunity. After briefly consolidating over the past two days, it broke down again and pulled back. The price is currently at 1205.9. Rebound volume continues to weaken, and overhead selling pressure remains strong. The DIF has crossed below the DEA, and the green bars are growing, signaling that bearish momentum is building again. So I’m bearish on Hynix.
Trade plan:
Short Hynix at the current price of 1202 with an initial position, and add to it if it rebounds. Set the take-profit at 1180.
Those are my thoughts and trading suggestions for Hynix. They’re for reference only. I’ll continue placing trades during the day, so if you want to follow along, check out my chatroom!!!
#以太坊突破2500USDT #以太坊ETF连续9日净流出 #Ledger确认用户设备遭植入未授权硬件 $SNDK $MU