The ETH strategy shared earlier has now successfully captured its profit potential this round. Real opportunities to make money are often found after a reversal. On the 4-hour chart, the rebound in $SKHYNIX has been accompanied by steadily declining volume, while a dense trading zone overhead is exerting clear resistance. Structurally, this looks more like a continuation of the downtrend than a bottom reversal. Rebound highs are stepping lower, and buying support is insufficient, making it poor value to chase longs at this level.
I’d rather look to open short positions near the end of the rebound and wait for momentum to fade before acting. A break below the previous low would open up further downside; in the short term, a rebound may simply pave the way for bears. As long as the key level holds, the direction remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 1090.0 – 1120.0
🛑 Stop loss: 1130.0
🎯 Take profit 1: 1070.0
🎯 Take profit 2: 1050.0
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇
I’d rather look to open short positions near the end of the rebound and wait for momentum to fade before acting. A break below the previous low would open up further downside; in the short term, a rebound may simply pave the way for bears. As long as the key level holds, the direction remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 1090.0 – 1120.0
🛑 Stop loss: 1130.0
🎯 Take profit 1: 1070.0
🎯 Take profit 2: 1050.0
Take in the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇