Panic selling after the circuit breaker! $SKHYNIX SK Hynix RSI is oversold, but don't rush to buy the dip!


South Korean stock market continues to plummet 11.5% after lifting the circuit breaker, Hong Kong stocks' 2x leveraged ETF crashes 23%! What does an RSI of 7.76 mean? Extremely oversold! But this round of selling is systemic panic, not retail investors dumping!
The timing for bottom fishing has not arrived; a rebound is an opportunity to short!
All news is bearish: Micron's earnings report, semiconductor sector panic, SK Hynix being crushed by retail investors and leveraged ETFs.
Technical analysis shows the price has broken below the BOLL lower band at 1697, MACD bearish momentum continues to grow—bottom-fishing funds are being buried!
The resistance zone at 1719-1750 has formed, and a rebound will bring selling pressure!
Clear trading strategy:
Enter short near the current price of 1680
First target 1670, second target 1640
Circuit breaker aftershock + systemic sell-off in Korean stocks + technical breakdown—shorting is the trend-following move!
Don't rush to buy the dip! #美伊谈判第一轮结束 #Gate股票7x24小时交易
SKHYNIX-12.33%
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