SK Hynix experienced a notable $29.977K long liquidation event around $955.29992. This suggests considerable pressure on leveraged bullish positions near the reported level. The $950–$955 zone is an important area to monitor for potential support. On the upside, resistance is positioned around $965–$975. A sustained move above $975 could bring $990 into focus as the next potential target. However, failure to hold the support zone may increase selling pressure. Traders should monitor volume, broader semiconductor-sector sentiment, and price confirmation before assuming a recovery.
