$SKHY First time seeing Hynix Hyperliquid chart in a while. I’ve opened a short position. This isn’t based on any specific conviction, but rather: Confirmed a failure of the higher high (HH) on the 4-hour chart, closing as a bearish candlestick. Opened the short position immediately at the open price. Stop-loss is just 1% away. Since this is close to a counter-trend trade, I’ve already secured partial profits at RR1, significantly reducing my risk. Take-profit is set at the prior 4-hour low below. If that level is broken and a lower low (LL) forms, it would suggest the short-term uptrend may be over. Therefore, if price continues to decline, I’ll decide whether to hold the position longer or close it entirely based on whether $1,326 is breached.
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