$SKHYNIX , 1246 yuan; within 24 hours it ate 13 points. This candlestick pattern is the most typical “fake breakout + trapped longs” I’ve seen this week. When it surged to 1454 in the early morning, the trading volume shrank; now the sharp drop has snapped back to its original form. The capital’s intention is extremely clear: lure the bulls in, then smash through.

My current position is down 8.2% on paper, but the plan is clear—I won’t hold through it.

【Trading plan】At the current price of 1246, it’s near the daily support area, but I believe this spot can only be used for an oversold rebound, not a reversal. If the price can hold above 1255 within 30 minutes, I’ll consider a small long entry. Set the stop-loss at 1240; take-profit at 1280 and 1300. If it directly breaks 1240, then it’s continuing lower to look for a bottom. I’ll wait for the 1220-1215 range before considering entry, with a stop-loss at 1205. In both cases, position size will be kept within 3%—no holding positions.

【Two scenario forecasts】Scenario A: The rebound meets resistance in the 1255-1260 area and falls back; most likely it will move into range-bound consolidation. Then I won’t chase longs—I’ll observe the direction after the range breaks before following.
Scenario B: It directly breaks 1240 and accelerates downward, indicating that the main force is liquidating retail stop-loss orders. After that, there will likely be lower secondary accumulation points; I’ll wait for a volume-backed “stop the bleeding” signal before entering.

In about 12 hours, when liquidity is worst in the early morning, it’s easiest for a direction to emerge. I currently have an open short base position. The idea is to reduce shorts during the rebound instead of adding, and only trade once the structure is confirmed. Chasing a short from this level doesn’t offer a good risk-reward, but catching the bottom is even more dangerous—retail traders love picking up “flying knives” right here.

Comment section: update results.