3x Long ETF Plunges 14%! $KORU Korean Stock Crash-Style Stampede; Mig: Leverage Turns into a Meat Grinder When Markets Fall!
Brothers, KORU just collapsed today! It was smashed straight from 23.39 down to 19.20, plunging nearly 4 percentage points; the current price is 19.56. Korea’s KOSPI index has crashed 5.61%—Samsung and SK Hynix both fell more than 5%. A 3x long ETF in a downtrend is a meat grinder: when the index drops 5%, it drops 14%. Leverage multiplies every bit of pain!
On the 1-hour chart, it slid from 23.39 to 19.20. The MACD death cross accelerates downward and the divergence keeps widening. Trading volume keeps expanding, but it’s all selling pressure with zero signs of stabilization. The support zone below is 18 to 18.5. If that level can’t hold, we could see 17 to 17.5. The area above 20 to 20.5 has already formed as strong resistance.
On the news front: the U.S. launched new tariffs covering 60 economic entities today. As an export-driven economy, South Korea is hit first. The Nasdaq fell 2.15% last night, and technology stocks are under broad pressure. Today, the KOSPI has suffered a crash-like selloff, triggering panic dumping. As a 3x long ETF, KORU has been smashed the hardest in this environment.
MiG’s suggestions for both long and short:
Short on a rebound around 20 to 20.5; for longs, only consider after a high-volume breakout above 21 and a firm hold, or try again once it stabilizes near the prior low around 17.5.
Personal view:
Brothers, leveraged ETFs are amplifiers when prices rise, and meat grinders when they fall. This systemic decline in Korean stocks hasn’t finished yet—don’t casually try to bottom-fish with KORU. Wait until the market stabilizes. For now, shorting with the trend is much safer than betting on a rebound.
#美参议院否决伊朗战争权力决议 #Alphabet将资本支出上调至最高2050亿美元
Brothers, KORU just collapsed today! It was smashed straight from 23.39 down to 19.20, plunging nearly 4 percentage points; the current price is 19.56. Korea’s KOSPI index has crashed 5.61%—Samsung and SK Hynix both fell more than 5%. A 3x long ETF in a downtrend is a meat grinder: when the index drops 5%, it drops 14%. Leverage multiplies every bit of pain!
On the 1-hour chart, it slid from 23.39 to 19.20. The MACD death cross accelerates downward and the divergence keeps widening. Trading volume keeps expanding, but it’s all selling pressure with zero signs of stabilization. The support zone below is 18 to 18.5. If that level can’t hold, we could see 17 to 17.5. The area above 20 to 20.5 has already formed as strong resistance.
On the news front: the U.S. launched new tariffs covering 60 economic entities today. As an export-driven economy, South Korea is hit first. The Nasdaq fell 2.15% last night, and technology stocks are under broad pressure. Today, the KOSPI has suffered a crash-like selloff, triggering panic dumping. As a 3x long ETF, KORU has been smashed the hardest in this environment.
MiG’s suggestions for both long and short:
Short on a rebound around 20 to 20.5; for longs, only consider after a high-volume breakout above 21 and a firm hold, or try again once it stabilizes near the prior low around 17.5.
Personal view:
Brothers, leveraged ETFs are amplifiers when prices rise, and meat grinders when they fall. This systemic decline in Korean stocks hasn’t finished yet—don’t casually try to bottom-fish with KORU. Wait until the market stabilizes. For now, shorting with the trend is much safer than betting on a rebound.
#美参议院否决伊朗战争权力决议 #Alphabet将资本支出上调至最高2050亿美元