KORU is around 17u right now. Let me clarify something first: this isn’t a normal coin. It’s a 3x leveraged ETF for going long the South Korean stock market, so volatility is built in.
These past two days it was dumped from 18.4; today the low touched 16.06 and then it bounced back to 17. In the short term, the price is still below the 20/50 moving averages, and on the 4-hour chart the trend is still downward—momentum hasn’t turned back up yet.
As for capital, it’s a bit cautious. Sell orders are clearly weighing down on the buy side, and the buy orders’ share has dropped to just over 30%. The funding rate is also sitting in negative territory. Over the course of a day, the position size fell by more than 10%, which clearly suggests deleveraging and a retreat of liquidity.
But the interesting part is that the large-holder accounts still have over 70% in long positions, and they’re adding to their positions. That indicates big capital isn’t panicking—short-term sentiment just hasn’t returned yet.
The issue is this: short-term pressure is building, but big money is still holding longs. The data on both sides are fighting each other, so the direction isn’t clear.
So at this level I’m not in a hurry to chase. I’ll wait for it to first reclaim the moving averages, or for a pullback and confirmation that there’s support. With a 3x leveraged product, getting the wrong side means the swings can be huge. For now, we observe and wait for the capital to choose a direction.
#koru $KORU
These past two days it was dumped from 18.4; today the low touched 16.06 and then it bounced back to 17. In the short term, the price is still below the 20/50 moving averages, and on the 4-hour chart the trend is still downward—momentum hasn’t turned back up yet.
As for capital, it’s a bit cautious. Sell orders are clearly weighing down on the buy side, and the buy orders’ share has dropped to just over 30%. The funding rate is also sitting in negative territory. Over the course of a day, the position size fell by more than 10%, which clearly suggests deleveraging and a retreat of liquidity.
But the interesting part is that the large-holder accounts still have over 70% in long positions, and they’re adding to their positions. That indicates big capital isn’t panicking—short-term sentiment just hasn’t returned yet.
The issue is this: short-term pressure is building, but big money is still holding longs. The data on both sides are fighting each other, so the direction isn’t clear.
So at this level I’m not in a hurry to chase. I’ll wait for it to first reclaim the moving averages, or for a pullback and confirmation that there’s support. With a 3x leveraged product, getting the wrong side means the swings can be huge. For now, we observe and wait for the capital to choose a direction.
#koru $KORU