$SKHYNIX Looking at recent candlestick patterns, bears have been unstoppable, driving prices down with several large bearish candles in a row and releasing much of the panic. Although the current price remains under heavy resistance from the moving averages above, the RSI has dipped to 31, nearing oversold territory, and there is strong support around 810 below. Extreme sell-offs are often followed by a technical rebound from oversold levels!
Entry: 852
Stop loss: 824
Take profit: 936
$SKHYNIX - Long
Retesting strong support at the previous low—taking a small position to play the rebound 👇
Entry: 852
Stop loss: 824
Take profit: 936
$SKHYNIX - Long
Retesting strong support at the previous low—taking a small position to play the rebound 👇
