SK Hynix $SKHY SK Hynix closed down -3.38%. It's now down 31% from its peak. Today's rebound at close was pretty weak. Considering last week's sharp drop, the lack of rebound strength is another signal that the upcoming market trend doesn't look optimistic—this is a warning sign. The 4-hour candlestick is under bearish pressure, and the daily chart is on the verge of shifting from a trend to consolidation. For a strong stock, a weak rebound after a big drop is often a red flag. Sticking to last week's view: making money in the storage sector won't be as easy going forward. No rush—patience is key to waiting for the right opportunity. SK Hynix's U.S. stock will be listed on July 10 on Nasdaq under the ticker $SKHY. Each 10 ADS corresponds to 1 share of Korean common stock, with a reference price of $158.14. In the long term, increased liquidity and mid-to-long-term valuation benchmarking against Micron will attract more buyers. But in the short term, it's a double-edged sword—dilution from additional issuance + psychological pressure from massive fundraising at the peak. This recent pullback perfectly reflects that. Bitget has already launched $SKHYUSDT [pre-IPO perpetual contracts]. Recently, for bottom-fishing SK Hynix, I plan to switch to this trading pair. Zero funding fees—love it. The funding fees for SK Hynix's actual stock are way too high, can't handle it.