$SKHYNIX Short positions are bleeding to death! SK Hynix’s 4-hour chart suddenly shows a “hunting trap.” Is the liquidation at 1709 the end or the beginning for the longs?

When smart money lays in a position at 1563 to hunt down shorts, the short average price of 1581 has already turned into cornered beasts—according to the liquidation map, 1709 is the final slaughterground of this showdown.

On the 4-hour chart, the BOLL upper band at 1737 coexists with an early sign of a bearish RSI divergence. There’s a need for a short-term pullback, but the liquidation gradient shows that the dense short-liquidity zone is around 1709—any drop before the price reaches it is just bait to lure shorts.

There’s no real new development in the news flow. The memory chip sector is broadly waiting for directional cues from the market after the Korea and US stocks open. On July 4, US stocks and Korean stocks are closed, liquidity will further decline, and volatility may be amplified.

Case study: Under a similar structure on July 4, 2024, SK Hynix rallied 12% on a low-liquidity day, liquidating shorts. History may repeat itself.

Big Sage’s advice:

Longs: Enter in batches around the 1580-1470 pullback zone.

Shorts: Enter around 1675-1785.

Want to know how to chase after 1709 breaks out? Follow me—my next post will break down the whale accumulation zone! #gStocks代币化股票上线 #非农爆冷打压加息预期 $MU