The final trap often lies in the rebound. On the four-hour chart for $SKHYNIX , price remains below EMA50 and EMA200, and the swing structure has not turned. RSI is near 32; the rebound is merely a recovery within bearish momentum, not a reversal.
The moving-average band above is acting as resistance, and volume shows no signs of increasing support. At this level, I’m more inclined to follow the trend and look for a pullback rather than try to call a bottom. Until the structure breaks, rebounds give bears room to act.
🔴 Trade direction: Short
📍 Entry range: 850.93721 – 856.83365
🛑 Stop loss: 913.93907
🎯 Take profit 1: 808.84520
🎯 Take profit 2: 778.81838
🎯 Take profit 3: 733.77816
Take in the vastness of mountains and seas; observe the market’s subtle moves.
Journey with Uncle Xiong and witness the ebb and flow of fortunes.
#SKHYNIX
Click below to trade 👇
The moving-average band above is acting as resistance, and volume shows no signs of increasing support. At this level, I’m more inclined to follow the trend and look for a pullback rather than try to call a bottom. Until the structure breaks, rebounds give bears room to act.
🔴 Trade direction: Short
📍 Entry range: 850.93721 – 856.83365
🛑 Stop loss: 913.93907
🎯 Take profit 1: 808.84520
🎯 Take profit 2: 778.81838
🎯 Take profit 3: 733.77816
Take in the vastness of mountains and seas; observe the market’s subtle moves.
Journey with Uncle Xiong and witness the ebb and flow of fortunes.
#SKHYNIX
Click below to trade 👇