This trade felt really smooth. After $SKHYNIX faced heavy pressure at the high, the bears finally found the right rhythm and drove the move.

At the start, the market looked like it was holding strong. Many people saw the sideways action and thought it was still set to surge, but what I focused on was the repeated probing around 1737.4 that never broke through. The more it dragged on, the weaker it became—this level was crucial. What really made me pay attention was that the number of upper wicks kept increasing, showing that the upside didn’t want to let it pass easily.

After entering, I didn’t make frequent adjustments. The key was to watch for continuation after the breakdown. Now the price has been pushed down to 1449.6, and my return is +406.2%. This move played out very directly, and the short thesis has also delivered.

Right now, it’s not suitable to add positions emotionally. I’ll take profits in batches; I’ll keep a little tail position with an 80/20 split. I’ll keep the protective level following as well—if it can keep moving, I’ll keep watching for continuation; if it can’t go any further, I’ll accept the profit.

If you missed it, don’t chase at key levels. Don’t chase—wait for a more comfortable entry after the retracement.

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