$SKHYNIX When Hynix got listed and fell right away—honestly, it’s really not surprising at all!

Some people thought that once the listing bell rang, it would go on a wild sprint, but the market just slapped that fantasy out of the picture. In fact, this wave of selloff had been showing signs already—after the rally got too crazy, the expectations for the listing were already hyped up and fully priced in. The moment the news landed, it became an exit for big capital to cash out.
The market’s playbook is always like this: it surges hard before good news, then once the good news is realized, it gets smashed hard. Take a look at MU, SNDK, and other chip stocks—everything is pulling back in sync. When sector sentiment turns cold, and add the leverage amplification effect from perpetual contracts, how could Hynix possibly hold up? Large-scale financing also brought dilution fears—of course short-term funds run fast; that’s normal.
Next, keep a close eye on the 1330-1350 level. This is the market’s consensus near-term support zone. If it can hold, there’s still a chance; if it can’t, then it’ll have to keep grinding lower. It’s dropping hard right now, but the downside room may not be that large—waiting for the selling pressure to slow down is the real opportunity.