$SKHYNIX

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The prevailing market structure is currently bearish, characterized by a series of lower highs and lower lows from the peak of 1,476,000 down to the recent swing low of 1,089,000. However, we are witnessing a potential shift as the price has stopped making aggressive lower lows and is attempting to consolidate near the 1,136,000 level, suggesting a transition from a strong downtrend to a potential accumulation or sideways range.

K line analysis: The K-line (candlestick) analysis shows that the price is trading significantly below all major moving averages (MA5 through MA500), which act as heavy dynamic resistance overhead. The MA5 (1,160,000) and MA10 (1,156,100) are starting to flatten out, indicating a short-term slowdown in selling pressure. The MACD indicator is currently in negative territory but shows the MACD line (37.737) crossing above the signal line (-54.945), with the histogram turning green, which is a bullish divergence signal suggesting momentum is shifting to the upside in the short term.

Trading plan: My trading plan is to wait for a confirmed breakout above the immediate resistance zone formed by the MA5 and MA10 near 1,156,000 - 1,160,000. If the price breaks and holds above this level with increasing volume, I will enter a long position targeting the next major resistance at the MA30 (1,250,100). Conversely, if the price rejects this resistance and breaks below the recent low of 1,089,000, I will look for a short continuation.

My prediction: I predict that in the short term, the price will attempt to test the 1,150,000 - 1,160,000 resistance area due to the MACD bullish crossover. However, given the overall bearish trend and the heavy overhead resistance from the moving averages, the price may face rejection and continue to consolidate or retest the 1,089,000 support level before any significant reversal occurs.

What trade plan I follow and why: I am following a conservative "wait-and-see" breakout strategy. I choose this because the chart shows a "falling knife" scenario that has just started to stabilize. Entering a long position prematurely without confirmation of a trend reversal is risky, especially since the market is currently in "Night Trading" with lower liquidity, as indicated by the warning at the bottom. I want to see the price clear the short-term MAs to confirm buyers are in control.

When I start my trade: I will start my trade only when the 1-hour candle closes confidently above the 1,160,000 level (MA5/MA10). If that happens, I will buy with a stop-loss set just below the recent swing low at 1,089,000 to manage my risk.

The recent candlesticks show a series of small bodies with wicks on both sides, indicating indecision and consolidation after a sharp drop. There are signs of a potential "Bullish Harami" or a "Morning Star" formation near the 1,089,000 low, but the lack of strong bullish candles suggests the buyers are still hesitant.

Final verdict: The current setup is a bearish trend with a short-term bullish correction. I will remain neutral until a clear breakout occurs above the 1,160,000 resistance or a breakdown below the 1,089,000 support, respecting the low liquidity and high risk of the current night trading session.