When the reversal signal appears, $SKHYNIX the chart structure is giving us a signal—the price is being held down by the EMA50 on the four-hour chart, while the EMA50 is itself below the EMA200. This moving-average alignment alone indicates that the swing trend is bearish, and there are no signs of recovery on the one-hour chart either. Each rebound has come with weaker volume, suggesting that buyers are not stepping in aggressively at higher levels. At this point, I’d rather follow the trend than try to call a bottom.
Keep the position size small. It has been relatively strong compared with the broader market recently, so a rebound is possible, but until the structure turns, the prevailing bias remains downward.
🔴 Trade direction: Short
📍 Entry range: 869.02159 – 871.46723
🛑 Stop loss: 911.13786
🎯 Take profit 1: 839.57432
🎯 Take profit 2: 819.12760
🎯 Take profit 3: 788.45751
Take in the vastness of mountains and seas; observe the market’s smallest details.
Join Uncle Xiong, and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇
Keep the position size small. It has been relatively strong compared with the broader market recently, so a rebound is possible, but until the structure turns, the prevailing bias remains downward.
🔴 Trade direction: Short
📍 Entry range: 869.02159 – 871.46723
🛑 Stop loss: 911.13786
🎯 Take profit 1: 839.57432
🎯 Take profit 2: 819.12760
🎯 Take profit 3: 788.45751
Take in the vastness of mountains and seas; observe the market’s smallest details.
Join Uncle Xiong, and witness the gains and losses of the world.
#SKHYNIX
Click below to trade 👇