It's at 1692000 now ... Definitely don't use leverage to catch the falling knife on the left side... In the Korean stock market, SK Hynix was at that elliptical spot earlier, which seemed like a bottom-fishing opportunity because there was a chance to bet on a technical rebound. A lot of people probably saw it that way, which is why there was a big green candle. But after a brief rebound, it stalled, then struggled, and eventually failed, plunging straight down with a big red candle... The issue now isn't the fundamentals or technicals of the stock, but rather how long the deleveraging will last.