$SKHYNIX is a South Korean semiconductor stock, not a cryptocurrency. The reported liquidation suggests an upward move around $951.19, potentially forcing bearish traders to cover positions. A bullish continuation would be more credible if price breaks and holds above resistance with strong volume, while a failed breakout could trap late buyers. Institutional confirmation should come from market structure, demand-zone behavior, and the strength of the broader semiconductor sector.
đ Trade Plan
Bias: LONG â conditional
Entry: $946â$954, after confirmation
TP1: $970
TP2: $990
TP3: $1,015
SL: $930
Risk-to-Reward: Approximately 1:1 to 1:3.5, depending on entry
Trade Grade: B â provisional
Trade Thesis: A successful retest of the $951 area could support continuation if buyers maintain momentum and the stock clears nearby resistance. Confirm with a bullish BOS, volume expansion, and evidence that former resistance is becoming support. If price loses the demand area, stand aside rather than forcing a long.
đ Trade Plan
Bias: LONG â conditional
Entry: $946â$954, after confirmation
TP1: $970
TP2: $990
TP3: $1,015
SL: $930
Risk-to-Reward: Approximately 1:1 to 1:3.5, depending on entry
Trade Grade: B â provisional
Trade Thesis: A successful retest of the $951 area could support continuation if buyers maintain momentum and the stock clears nearby resistance. Confirm with a bullish BOS, volume expansion, and evidence that former resistance is becoming support. If price loses the demand area, stand aside rather than forcing a long.