Short position trapped by 105 points! How to unwind the SK Hynix 1786 short? Jinyao teaches you three tricks to break free and steadily recover your capital!

Trapped in a counter-trend short, should you hold stubbornly or admit your mistake? Jinyao gives you the most candid advice!

Let's look at the data first. Micron's earnings exceeded expectations, lifting the entire storage sector. That big green candle in SK Hynix really caught the shorts off guard. But did you notice? Although the price surged 11%, the long/short ratio of smart money is as high as 141%, yet the average profitable open price is only $1682. What does this mean? The major players' cost is much lower than yours; they are now considering how to distribute at highs, not continue pushing up to let you unwind!

Now look at the liquidation map. The area above 1878-1900 has a large concentration of short liquidation intensity. That recent rally was precisely 'hunting' those stop-loss orders. Your position happened to be caught in the crossfire.

How exactly to unwind? Remember this mantra: At highs, don't be a stubborn short; be a slick turncoat.

Since you're already trapped, don't hold stubbornly. My suggestion is:

Place a long order of equal size near 1920-1930 to lock the position. The benefit is: if the major players continue to surge on momentum, your long profit will offset the short loss; once it pulls back after a spike, you can unlock the long and instead add to the short at a relatively high level.

Want to know the specific unwinding levels and operation rhythm? Type '1' in the comments, and Jinyao will break it down for you one-on-one! Don't just stubbornly hold on; if the direction is wrong, all effort is wasted!
‍$SKHYNIX