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$SKHYNIX Long positions are trapped! Brothers who chased higher at 1720, still have a chance!
Brothers, SKHYNIX dropped from 1977 to 1664, are you panicking about the unrealized loss on your long position at 1720?
This wave was driven by negative news causing a sell-off, RSI is extremely oversold, and historically every time it reaches this level, there is a violent rebound!
Korean regulators issued warnings about leveraged ETFs risks, causing the KOSPI to hit a circuit breaker, but SKHYNIX's fundamentals haven't changed.
Where will the rebound go? At least back to the 1720-1740 range!
The liquidation map shows a large number of short positions waiting to be liquidated around 1746, once shorts are liquidated, the price can easily bounce back to your cost basis!
What to do now:
Don't panic and cut your losses or lock in positions;
Wait until the market stops falling or rebounds, then add to your longs to lower the average price;
Wait for a rebound around 1700 and gradually exit in batches.
#SK海力士市值登顶韩股 #美光与Anthropic达成战略合作