Someone asked me: “After a run-up like this, are you still chasing?”
No.
$SKHY is trading at 157.41, with 157.44 right overhead.
It’s right up against it.
Three daily candles, each higher than the last, and it hasn’t looked back once in between.
If I chase a long, the stop-loss has to go below today’s low of 147.05.
And above?
Nothing but new highs—no reference points, nowhere to measure a price target.
I can’t work out the risk/reward, so I’m not taking this trade.
Seoul closes in half an hour. It can’t make the call before 14:30.
I’ll wait for the close.
Funding rate: 0.00000000. Longs aren’t paying an extra cent.
Retail long positions have fallen from 70.03% to 66.89%.
Everyone’s unloading. I’ll wait along with them.
(Not investment advice. Trade at your own risk.)
No.
$SKHY is trading at 157.41, with 157.44 right overhead.
It’s right up against it.
Three daily candles, each higher than the last, and it hasn’t looked back once in between.
If I chase a long, the stop-loss has to go below today’s low of 147.05.
And above?
Nothing but new highs—no reference points, nowhere to measure a price target.
I can’t work out the risk/reward, so I’m not taking this trade.
Seoul closes in half an hour. It can’t make the call before 14:30.
I’ll wait for the close.
Funding rate: 0.00000000. Longs aren’t paying an extra cent.
Retail long positions have fallen from 70.03% to 66.89%.
Everyone’s unloading. I’ll wait along with them.
(Not investment advice. Trade at your own risk.)
