🔴 $SKHYNIX : Bears Have the Advantage, But Is Another Drop Coming?
SKHYNIX is showing a bearish structure across both the 4H and 1H timeframes. Price remains below the key EMA50 and EMA200, suggesting sellers still have control of the broader trend.
📉 Trade Setup: SHORT
Entry Zone: 864.79 – 867.53
Take Profit Targets:
- TP1: 841.74 (-2.8%)
- TP2: 825.47 (-4.7%)
- TP3: 801.05 (-7.5%)
Stop Loss: 898.71 (+3.8%)
Technical Outlook:
The bearish EMA alignment supports downside continuation, while the recent relative strength of SKHYNIX (+5.27% over 24H versus BTC) makes volatility an important factor to watch.
Risk Management:
Secure 50% of the position at TP1, another 25% at TP2, and leave the final 25% for TP3. After TP1, consider moving the stop loss to breakeven.
⚠️ My View: The bearish setup remains valid while price stays below the key EMA resistance. However, a strong recovery above resistance could invalidate the short scenario.
What's your take? Will SKHYNIX extend its correction toward 841, or are buyers preparing for a reversal?
#SKHYNIX #CryptoTrading #TechnicalAnalysis #BinanceSquare
SKHYNIX is showing a bearish structure across both the 4H and 1H timeframes. Price remains below the key EMA50 and EMA200, suggesting sellers still have control of the broader trend.
📉 Trade Setup: SHORT
Entry Zone: 864.79 – 867.53
Take Profit Targets:
- TP1: 841.74 (-2.8%)
- TP2: 825.47 (-4.7%)
- TP3: 801.05 (-7.5%)
Stop Loss: 898.71 (+3.8%)
Technical Outlook:
The bearish EMA alignment supports downside continuation, while the recent relative strength of SKHYNIX (+5.27% over 24H versus BTC) makes volatility an important factor to watch.
Risk Management:
Secure 50% of the position at TP1, another 25% at TP2, and leave the final 25% for TP3. After TP1, consider moving the stop loss to breakeven.
⚠️ My View: The bearish setup remains valid while price stays below the key EMA resistance. However, a strong recovery above resistance could invalidate the short scenario.
What's your take? Will SKHYNIX extend its correction toward 841, or are buyers preparing for a reversal?
#SKHYNIX #CryptoTrading #TechnicalAnalysis #BinanceSquare