1750 long position deeply trapped by 310 points! $SKHYNIX How much further will it fall? Mige has a survival plan for you!

Brothers, Mige completely understands how you feel holding a long position at 1750. From 1750 all the way to 1421, a floating loss of over 300 points—anyone would feel terrible. But being trapped is not the scariest part; the scariest part is you still clinging to the fantasy that 'the bull market will return.' Mige will tell you something harsh—right now, for SK Hynix, the shorts have pushed the longs to the edge of the cliff. Are you still waiting for a miracle?

Unwinding Strategy:

First, look at the current situation: SKHYNIX broke below the key support at 1500, dipped to a low of 1421, and panic selling is still pouring out. On-chain data shows that around 1300 is the heavy liquidation zone for longs. If it really hits that level, cascading liquidations will directly send the price down another wave.

But don't panic, Mige gives you two lifelines:

Defense and Counterattack: Keep a close eye on the 1400-1420 range. If the price stabilizes with shrinking volume, there will be an oversold bounce. At that time, find an opportunity to reduce part of your position to lower the liquidation risk. But if it breaks below 1400 with high volume, do not hold on—wait for a larger support level to appear before re-entering.

Time for Space: The Korean stock index fell nearly 8% in one day. Panic of this magnitude won't be repaired in a day or two. There will be a rebound, but don't expect a V-shaped reversal. Wait patiently for volume to expand and for smart money entry signals before considering adding to your position to average down.

Mige's Opinion:

The bottom is not guessed—it unfolds. In the 1400-1500 range, buy low sell high to gradually lower your cost. Don't expect to recover your losses all at once. Remember Mige's words—stop loss is ten thousand times more important than profit. I've seen too many cases of people holding until liquidation.

Only by surviving do you earn the right to talk about making back your losses!

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