$SKHYNIX Still bearish! This drop just broke through the dense moving-average zone directly, and the bears are clearly controlling the market.



You can look for a short opportunity around 1274.5 to 1280.9. Then watch for a move down to 1215.57 and even 1165.87. Put your defense at 1319.33.

But watch out for the risk—on the 15-minute timeframe, the RSI is already oversold, and a quick rebound and shakeout could happen at any time. Don’t go chasing too aggressively; manage your position size. Also, $SOXL and $MU should keep an eye on this too—they may also move down along with it.
SKHYNIX-2.32%
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