$SKHYNIX SK Hynix plunges 7%! Whale cuts losses at $4.42 million—are you still waiting for a rebound?

SK Hynix has been hammered from 1695 down to 1501, leaving the bulls completely stunned. Even more brutal, the biggest long leader just cut losses and exited—one trade alone lost $4.42 million. Even Mige would feel that pain in his flesh.

On the news side, the whale address chased longs at the 1803 high, with a position of $35.16 million. After holding for a few days, they simply couldn’t take it anymore and today closed all positions to return to an empty, defensive posture. Brothers, think about it—even capital at this level admits losses and exits. Do you still think this is the bottom? This signal is crucial—the main players are pulling back. Don’t rush to grab your tools and start “dumping in.”

Looking at the K-line: on the daily timeframe, MA7 (1556), MA25 (1605), and MA99 (1702) are all suppressing, with the price getting dragged along and rubbed against the floor. The 4-hour chart did bounce a bit after tagging 1501, but the rebound is on shrinking volume. The MACD dead cross is widening—an obvious bearish continuation pattern.

Mige’s clear view—short the rebound. With the current price around 1539, wait for the rebound into the 1555-1565 range, then try a light short.

Remember Mige’s one line: cutting losses isn’t the bottom—retail buying the dip is the trap. When the trend is down, don’t go against the market. Wait for stabilization signals to come out, and then we’ll slowly pick up cheap chips. Stay steady—don’t act impulsively!

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