SKHYNIX's 10% surge is just a trap to lure longs! Whales are chasing with 10x leverage, while bears have heavily positioned.

The catalyst is the Nasdaq listing on July 10, which boosts the market short-term, but after the positive news, it's easy to see a sell-the-fact correction.
The 4-hour chart shows a large bullish candle reclaiming losses, indicating short-term bullish strength; on-chain, short positions are 3.4 times that of longs, with profits overwhelming the long side.
There is a dense short order zone at 1533; breaking through could trigger a short squeeze; resistance at 1610-1650 has heavy selling pressure.
Strategy: Volatility will expand before the listing; be bullish but do not chase with heavy positions.
Levels: Go long if it stabilizes at 1380; go short if it meets resistance at 1550-1580.