10.28 #SKHYNIX Follow-up: 1110 held, and price rebounded to 1140. Trade what you see!
Guys, take a look at the chart now: price spent the day hovering around 1110, then gradually climbed back to 1138—just a few points shy of testing the previous high at 1144 🤔
Here's what I'm saying:
Until 1110 breaks, the short trade plan stays exactly the same: go short on a breakdown, stop-loss at 1140, target 1040.
But at this level, don't chase shorts or longs. The 1140–1144 zone is an overhead resistance area from the previous sell-off. The first time price returns to test it, there's a good chance it'll get choppy.
1144 is the key level for the short trade: if price breaks above it on strong volume, the thesis is invalidated. I'll admit I was wrong—no stubbornness 😤
If price gets knocked back down and tests 1110 for a second time, that breakdown is the real opportunity 👊
What does it mean to share a plan in advance? I gave you the conditions while price was moving sideways at 1110 during the day. Now we just wait for it to choose a direction~
Don't guess. Don't gamble. Wait for a signal.
Hey, are you still sticking to your plan? 🧑🏻🎤
Guys, take a look at the chart now: price spent the day hovering around 1110, then gradually climbed back to 1138—just a few points shy of testing the previous high at 1144 🤔
Here's what I'm saying:
Until 1110 breaks, the short trade plan stays exactly the same: go short on a breakdown, stop-loss at 1140, target 1040.
But at this level, don't chase shorts or longs. The 1140–1144 zone is an overhead resistance area from the previous sell-off. The first time price returns to test it, there's a good chance it'll get choppy.
1144 is the key level for the short trade: if price breaks above it on strong volume, the thesis is invalidated. I'll admit I was wrong—no stubbornness 😤
If price gets knocked back down and tests 1110 for a second time, that breakdown is the real opportunity 👊
What does it mean to share a plan in advance? I gave you the conditions while price was moving sideways at 1110 during the day. Now we just wait for it to choose a direction~
Don't guess. Don't gamble. Wait for a signal.
Hey, are you still sticking to your plan? 🧑🏻🎤
