The SNDK strategy shared earlier has successfully captured its profit potential this round. The real money-making opportunities often appear after confirmation. On the 4-hour chart, $SKHYNIX has seen steadily declining rebound volume. The 935–970 zone above is a previous high-volume trading range, and every attempt to push higher has been rejected, showing that genuine selling pressure is present.
Structurally, the highs keep moving lower and the moving averages are starting to turn down. In this setup, chasing longs offers poor risk-reward. I’d rather treat this rebound as an opportunity to enter short, with a stop-loss above the top of the range. First, look for support at the previous low; below that lies an area with thinner liquidity. A rebound is possible, but unless price can hold above a key level on strong volume, the bearish thesis remains intact.
🔴 Trade direction: Short
📍 Entry range: 935.0 – 970.0
🛑 Stop-loss: 975.0
🎯 Take-profit 1: 915.0
🎯 Take-profit 2: 850.0
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 👇
Structurally, the highs keep moving lower and the moving averages are starting to turn down. In this setup, chasing longs offers poor risk-reward. I’d rather treat this rebound as an opportunity to enter short, with a stop-loss above the top of the range. First, look for support at the previous low; below that lies an area with thinner liquidity. A rebound is possible, but unless price can hold above a key level on strong volume, the bearish thesis remains intact.
🔴 Trade direction: Short
📍 Entry range: 935.0 – 970.0
🛑 Stop-loss: 975.0
🎯 Take-profit 1: 915.0
🎯 Take-profit 2: 850.0
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 👇