Your market insider is here. I’d put a question mark next to this bullish candle.
KORU has broken out on strong volume. The structure is slightly bullish, but it’s not confirmed yet. I’m not betting on a direction at this level.
First, the part I’m not fully convinced by: the large traders’ long/short ratio is 9.58, with 90.5% of accounts net long—an extremely bullish stance. But such extreme readings often occur near local tops, so I’m not chasing it. The taker buy/sell ratio is 1.043, meaning buying and selling are roughly balanced, with a slight tilt toward buyers. Buyers are pushing the price up. It’s up 15.14% in 24 hours, with $1.663 billion in trading volume, so volume has piled in. The price is only 0.4% below its 24-hour high, which means it has barely pulled back from the top.
There are only two key levels. If it breaks below 11.94, I’ll turn bearish—that would mean this high-volume breakout has been rejected. If it gets above 12.5, I’ll turn bullish—that would confirm the breakout. In between, the direction is unclear, so I’m staying put.
Of the 220 coins in the TradFi sector, 83.6% are up, with an average gain of 3.2%. The mood is there, but the structure hasn’t converged yet. I’ll wait for it to show its hand.
Are you holding this coin? What’s your entry price? Let’s talk in the comments.
I’ll call the direction and keep track of the wins and losses. If I’m wrong, I’ll own it in my next post.
— Insider Jun · Today’s 5th post. If I’m wrong, I’ll own it in my next post.
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