The previously outlined ESPORTS strategy played out, and this round of profits is now safely locked in. The real showstopper often lies in the reversal that follows. On the four-hour chart of $SKHYNIX , the moving averages are bearishly aligned, with price below both the EMA50 and EMA200. The swing trend is clearly pointing down, so any bounce in this structure looks more like an opportunity for bears to establish positions.
I’m watching how volume behaves as price rebounds to the upper edge of the previous congestion zone. A low-volume rise suggests insufficient buying pressure, meaning the structure remains intact. The downside only opens up once the key level breaks, so a bearish approach makes more sense here. Of course, if the rebound is stronger than expected, we should respect what the market is telling us and make position sizing our top priority.
🔴 Trade direction: Short
📍 Entry range: 1032.99123 – 1037.31009
🛑 Stop loss: 1083.12306
🎯 Take profit 1: 999.17136
🎯 Take profit 2: 975.18516
🎯 Take profit 3: 939.20586
Gaze upon the vast mountains and seas; discern the market’s subtleties.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇
I’m watching how volume behaves as price rebounds to the upper edge of the previous congestion zone. A low-volume rise suggests insufficient buying pressure, meaning the structure remains intact. The downside only opens up once the key level breaks, so a bearish approach makes more sense here. Of course, if the rebound is stronger than expected, we should respect what the market is telling us and make position sizing our top priority.
🔴 Trade direction: Short
📍 Entry range: 1032.99123 – 1037.31009
🛑 Stop loss: 1083.12306
🎯 Take profit 1: 999.17136
🎯 Take profit 2: 975.18516
🎯 Take profit 3: 939.20586
Gaze upon the vast mountains and seas; discern the market’s subtleties.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇