The ETH strategy shared earlier has successfully captured its profit potential this round. As market activity unfolds, $SKHYNIX the market structure is starting to send signals. On the four-hour chart, this rebound has seen a clear decline in volume, with frequent upper wicks—showing that selling pressure overhead has not been absorbed. Repeated tests near key levels have failed to hold, a pattern that often signals fading momentum. Rebound highs are stepping down, making the overall structure look increasingly bearish.
I don’t think price can break through convincingly here. Instead, it looks more like an opportunity to position for a short. If support below gives way, the downside could open up quickly. The rebound is just part of the process; confirmation is what matters.
🔴 Trade direction: Short
📍 Entry range: 1074.8 – 1109.8
🛑 Stop loss: 1116.8
🎯 Take profit 1: 1049.8
🎯 Take profit 2: 1019.8
Take in the vastness of mountains and seas; observe the market’s finest details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇
I don’t think price can break through convincingly here. Instead, it looks more like an opportunity to position for a short. If support below gives way, the downside could open up quickly. The rebound is just part of the process; confirmation is what matters.
🔴 Trade direction: Short
📍 Entry range: 1074.8 – 1109.8
🛑 Stop loss: 1116.8
🎯 Take profit 1: 1049.8
🎯 Take profit 2: 1019.8
Take in the vastness of mountains and seas; observe the market’s finest details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇