Hynix stops the decline and stabilizes! Building a base around 1160—this spot might really be a golden pit!

Brothers, SK Hynix has finally calmed down these past two days. The main stock is holding steady around 1160, while the ADR is oscillating around 154. Although it hasn’t surged yet, at least it’s not dropping— the bottom structure is gradually showing up.

$SKHY NIX ：
On the daily timeframe, the MA7 has already been reclaimed—this is the first sign of short-term stabilization. But MA25 is still overhead pressing down. The price is exactly sandwiched between the two moving averages, and the direction isn’t fully clear yet. MA99 is still far away—that’s the mid-term target. On the 4-hour chart, the price has been ranging in the 1129-1189 band for three days. The MACD green histogram keeps shrinking, bearish momentum is clearly weakening, and there are signs the fast line may cross above the slow line. This is a positive signal.

$SKHY ：
MA7 was just reclaimed, while MA25 remains overhead—pretty much in sync with the main stock. After dropping from 167 to 145.6, the ADR has been moving sideways for two days. The support at 145-146 has failed to break twice, which indicates there is definitely capital taking in here. As long as it doesn’t break 145, the bottom is likely right here.

News flow：
The storage sector already stopped falling and warmed up in the pre-market. Hynix’s ADR once jumped more than 3%. The most intense phase of liquidation from Korean leverage is likely already over, and sell pressure is weakening at the margin. The fundamentals are fine—HBM demand is still strong. This downturn is driven by sentiment and deleveraging, not because the logic has broken.

Mig trading ideas for both long and short:
（SKHYNIX）go long on a pullback around 1140 - 1150 for stabilization and enter longs; short on a stalling move on the rebound around 1230-1220, then re-enter
（SKHY）go long on a pullback around 153 - 153.5 for stabilization and try longs; short if it rebounds up to 166.5 - 167 and lacks power to break through, then try short again

Personal take:
Brothers, Hynix fell from 1500 to 1130—down nearly 400 points. Korean leverage has mostly been cleaned up too. The 1129 level has been tested twice without breaking—that’s the bottom-line signal. Going long from this area, with a stop-loss at 1125, won’t cost much; but if it starts moving up, the upside could be huge. Limited downside, unlimited upside—that’s worth a try. Keep position size light, set the stop-loss properly, and leave the rest to the market.

#GateDEX全面接入RobinhoodChain