Korean stocks crash triggers circuit breaker! $SKHYNIX Plunges 6%, the short-sellers' feast is just beginning!



Korean stocks plummet 5% triggering the Sidecar mechanism, program trading suspended for 5 minutes! Hynix drops over 6%, Samsung drops 5.7% — systemic panic is spreading, Asian chip stocks are bleeding profusely, the downtrend is fully confirmed!

MACD death cross confirmed, downward acceleration!

MACD bearish momentum bars continue to expand, DIF and DEA death cross gap widens, the decline is just accelerating! RSI continues to weaken, approaching oversold but with no reversal signal — don't buy the dip in the face of the trend!

Trading halt is just halftime, the selling pressure is still ahead!

The Sidecar mechanism suspending program trading for 5 minutes is only a brief respite; after the resumption, panic selling will pour out! The liquidation chart below shows long positions piled up in the 1600-1700 range; once it breaks below 1700, a chain of long liquidations will be triggered!

Trading strategy:
Aggressive: enter short near current price 1735.
Conservative: wait for a rebound to 1760-1775 before entering short.
Don't buy the dip, the panic selling is far from over!
#0成本拿2股SK海力士 #美光市值超越Meta跻身全美前十
SKHYNIX-8.18%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
Add a comment
Add a comment
RetroRadioWaves
· 1h ago
MACD dead cross + RSI oversold edge, classic bearish continuation pattern. Experienced traders know how painful it is to catch a falling knife at this point.
View OriginalReply0
OldKeyboardTraitor
· 2h ago
If 1700 really gets broken, below is the vacuum zone—just think about the liquidation chain reaction; it’s thrilling.
View OriginalReply0
SentimentIndicatorCollecting
· 3h ago
#0 Get 2 shares at the cost—this tag gets posted in a market like this; the operation clearly understands the irony.
View OriginalReply0
CatPawTapToConfirm
· 3h ago
This circuit breaker is as useless as a decoration; who can run in just five minutes?
View OriginalReply0
  • Pinned