SKHYNIX 840.43 now https://www.binance.com/en/futures/SKHYNIXUSDT?_from=markets&ref=GMGNX dyor - The trend is still bearish, and the bounce is weak. Since the September high of 1439, price has crashed all the way down to 810, losing more than 40%. Even with today's 1.82% gain, this looks nothing more than an oversold bounce. Simply put, the bears are still in control, and there is no clear sign of a trend reversal yet. CEOs from Taiwanese companies have already warned that memory price hikes are not sustainable. Stocks that were hyped up and gained as much as 5x are now facing heavy selling and sharp drops in their valuations. That said, this sell-off is mainly driven by market fear and money flowing out, not a complete breakdown in fundamentals. This also means the downside from here may be quite limited. Short positions are still trading with the trend. Take your profits and get out cleanly. Don't get greedy or stay in the trade too long. Short Setup: Entry: 865 to 885 Stop Loss: 905 Target: 782