Trade Plan: SK Hynix (Overnight, 1h Chart)



$SKHYV
#USEndsLatestStrikesOnIran
🦋Current Price: 152.68
Daily Change: -13.53% (sharp sell-off)
Trend: Strongly bearish (price below all MAs; MACD negative & widening)

🦋Key Levels

· Resistance: 156.70 (MA5), 164.00 (MA10), 168.60 (MA30)
· Support: 151.38 (today's low), 151.30 (chart low)

🦋Entry Zones

· Aggressive Long: 151.50–152.00 (near support, tight stop)
· Conservative Long: Wait for reclaim of 156.70 (MA5) with volume
· Short Entry: 155.00–156.50 (if bounce fails near MA5)

🦋Stop-Loss

· Long: 149.50 (below chart support)
· Short: 157.50 (above MA5)

🦋Take-Profit Targets (Long)

1. TP1: 156.50 (MA5)
2. TP2: 164.00 (MA10)
3. TP3: 168.50 (MA30 & gap fill)

🦋Take-Profit Targets (Short)

1. TP1: 151.50 (today's low)
2. TP2: 148.00 (next psychological level)

🦋Risk Management

· Position size: ≤ 5% of portfolio per trade
· Risk/Reward: Aim for ≥ 1:2

Confirmation for Longs

· Bullish divergence on MACD (slowing downside)
· Price holds 151.50 for 2+ consecutive candles
· Strong bounce with increasing volume

Invalidation

· Break below 151.00 → further downside likely, avoid longs

🦋News Catalyst

· "SK Group Chairman: SK Hynix Stock Will Trend U..." — watch for follow-through comments; could trigger reversal if positive.

🦋Recommendation: Wait for support test near 151.50. Prefer short on bounces to 155–156 unless a clear reversal pattern forms. Overnight volatility is high use tight stops.
SKHYV-0.98%
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