The SOXL strategy setup flagged last round played out, and we successfully captured the profits from this move. Stay calm when reading the market: opportunities to make money are often hidden where sentiment is most heated. $SKHYNIX On the 4-hour chart, rebound volume continues to contract, while the moving averages overhead are providing clear resistance. In this structure, a push higher looks more like an opportunity for bears to establish positions. The key resistance zone has been tested repeatedly, but price still can’t hold above it, suggesting limited buying support.
Rebound highs are stepping lower, and the MACD histogram is also narrowing. The short-term bias remains bearish. If price moves higher again, that could instead be a window to add to short positions, with the previous low support zone as the first downside target. Trading is about waiting for the structure to provide a signal—there’s no need to rush.
🔴 Trade direction: Short
📍 Entry range: 1164.8 – 1194.8
🛑 Stop loss: 1198.8
🎯 Take profit 1: 1144.8
🎯 Take profit 2: 1119.8
Take in the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇
Rebound highs are stepping lower, and the MACD histogram is also narrowing. The short-term bias remains bearish. If price moves higher again, that could instead be a window to add to short positions, with the previous low support zone as the first downside target. Trading is about waiting for the structure to provide a signal—there’s no need to rush.
🔴 Trade direction: Short
📍 Entry range: 1164.8 – 1194.8
🛑 Stop loss: 1198.8
🎯 Take profit 1: 1144.8
🎯 Take profit 2: 1119.8
Take in the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇