After rising more than 10% in a week, $SKHYNIX is now losing a lot of momentum. The price has fallen more than 6% in 24 hours and dropped below $1.109. Interestingly, the long ratio is still 3.19 and OI continues to rise. Many are still on the buyers’ side, even as the price moves in the opposite direction.
On the 4H chart, RSI has fallen to 44, and selling pressure is still evident in MACD and OBV. To me, this reversal is much more worth highlighting than the weekly gains, which are now starting to erode.
On the 4H chart, RSI has fallen to 44, and selling pressure is still evident in MACD and OBV. To me, this reversal is much more worth highlighting than the weekly gains, which are now starting to erode.