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#Storage stocks selling pressure eases, is the AI memory bull market still stable? $SKHYNIX On Monday, SK Hynix opened with a double kill of longs and shorts. I shorted at the 1050 upper rail, targeting a take profit at 950. On Monday, SK Hynix's opening first dropped then rallied. The contract first dipped near 1000, sweeping out bottom-fishing long positions, then quickly pulled up to 1045–1050, clearing out those who chased shorts at the open. Completing a double kill of longs and shorts in a short time, this movement looks more like a re-pricing and concentrated leverage clearing at the open, rather than the market having chosen a direction. ✔ Why does a double kill of longs and shorts occur? SK Hynix contracts trade 24 hours, while the Korean spot stock reopens later, requiring the contract price to quickly align with the spot price. Previously, SK Hynix had a continuous sharp drop, with many bottom-fishing positions clustered near 1000, and many rebound short positions near 1050. Liquidity concentrated at the open was released, first sweeping long stop losses, then clearing shorts on the way up, resulting in violent price swings. ✔ Why did I choose to short at 1050? I did not chase shorts near 1000 but waited for the price to rebound to around 1050 before entering. 1050 is simultaneously close to: ✔ The upper boundary of the short-term ascending channel ✔ Monday's opening rebound high ✔ Previous trapped positions and short-term resistance zone ✔ The liquidity high point after the double kill of longs and shorts Compared to chasing shorts during a sharp drop, shorting at 1050 has a clearer invalidation point and a more reasonable risk-reward ratio. ✔ Upcoming price 1050: short entry point 1010–1000: first support and round number level 1000–985: core area determining if the decline continues 950: extended take profit target after breaking support 1070–1080: if price stabilizes here, short logic fails My take profit target is 950, but I do not treat 950 as a guaranteed level. #AIMemorySelloffEases #BTCETHETFInflowsReturn #SpaceXShortCovering