$SKHY fell 9.84% to 134.83, but what matters more than the number is the shape of the latest rebound. On the 15-minute timeframe, the price tried to recover but failed to break through hourly resistance. This specific failure confirms seller dominance more than the decline itself.
Support is at 130–132, with resistance at 140 and then 145. The weak buying momentum during the rebound was not a passing detail, but a clear sign that buyers are currently unable to change the trend. Any new attempt to rise would need a clear break above hourly resistance before we could talk about a genuine reversal.
I see no reason to expect consolidation in the next session without that breakout, and I lean toward further downside until proven otherwise. This is analysis, not advice.
#SKHY #Semiconductors #BinanceSquare
Support is at 130–132, with resistance at 140 and then 145. The weak buying momentum during the rebound was not a passing detail, but a clear sign that buyers are currently unable to change the trend. Any new attempt to rise would need a clear break above hourly resistance before we could talk about a genuine reversal.
I see no reason to expect consolidation in the next session without that breakout, and I lean toward further downside until proven otherwise. This is analysis, not advice.
#SKHY #Semiconductors #BinanceSquare
