$SKHYNIX is looking to set up a quick long.



RSI is already severely oversold; this move may trigger an oversold bounce. I’m planning to take a quick short-term trade for mean-reversion after a “catch a falling knife.” The likely entry zone is around 1241.6 to 1247.9. For targets, I’ll watch the 1304.92 to 1353.06 area first, with a stop-loss at 1204.35.

But you need to watch the risks: the broader macro trend is still strongly bearish. If the 1240 support fails to hold, the logic for this long position is immediately invalid. Don’t go all-in. Keep your position size under control. Also, $XAU and $BANK can continue to monitor the price action.
SKHYNIX-0.49%
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