$SKHYNIX Follow the bearish direction.



Everyone is waiting for a bounce at this level, but I think this could be a long trap. The response at the resistance level is quite active right now; the bearish structure on the 4-hour timeframe remains valid, and the daily range is also relatively tight. The price is clearly under pressure in the 1284 to 1291 area.

On the 15-minute timeframe, the RSI is exactly at 50, and the bears may still have room to push further downward. The volume data also confirms that real sell orders are participating.

Below, you can continue to watch the 1261 to 1216 area. Don’t go in too aggressively when trading, pay attention to the defense around 1323, and manage risk properly.
SKHYNIX-1.64%
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