KORU is now around 17.3u, grinding right up against the 24-hour high.
This ETF is a 3x leveraged product tracking the South Korean broad market, so volatility is built-in. The other day it was dumped down from 18.4; today it even dipped as low as 16.15. A single bullish candle then pulled it right back to 17.3—so, in the short term, the selloff has been contained. Both the 4-hour and daily trends are pointing upward, and the price has also broken above the 15-minute moving average. The near-term bottom seems to be in.
But the order-flow signals are a bit contradictory. Yes, it’s up, but in the futures contract trades, the aggressive sell orders are still outweighing the aggressive buy orders. The long/short ratio is still not below 0.7, meaning the buy side hasn’t fully taken over. More importantly, the big accounts are reducing on the long side—both the long accounts and their positions are trending down. That suggests that in this rebound, “smart money” is cutting exposure rather than adding.
The fee rate has turned positive, and open interest is also rising. Combined with the price rebound, it looks like someone is stepping in. However, judging by the direction of the capital flow, the buy pressure doesn’t look clean.
In plain terms: the short-term selloff looks like it’s been confirmed to have bottomed out, but whether this is a “rebound” or a “reversal” is still too early to conclude. With a 3x leveraged product, once the direction is wrong, the volatility can expand very quickly.
At this level, I won’t chase. If you want to participate, wait for a pullback to 16.8–17.0 and see whether it can hold there before deciding. Let it choose its direction first.
#koru $KORU
This ETF is a 3x leveraged product tracking the South Korean broad market, so volatility is built-in. The other day it was dumped down from 18.4; today it even dipped as low as 16.15. A single bullish candle then pulled it right back to 17.3—so, in the short term, the selloff has been contained. Both the 4-hour and daily trends are pointing upward, and the price has also broken above the 15-minute moving average. The near-term bottom seems to be in.
But the order-flow signals are a bit contradictory. Yes, it’s up, but in the futures contract trades, the aggressive sell orders are still outweighing the aggressive buy orders. The long/short ratio is still not below 0.7, meaning the buy side hasn’t fully taken over. More importantly, the big accounts are reducing on the long side—both the long accounts and their positions are trending down. That suggests that in this rebound, “smart money” is cutting exposure rather than adding.
The fee rate has turned positive, and open interest is also rising. Combined with the price rebound, it looks like someone is stepping in. However, judging by the direction of the capital flow, the buy pressure doesn’t look clean.
In plain terms: the short-term selloff looks like it’s been confirmed to have bottomed out, but whether this is a “rebound” or a “reversal” is still too early to conclude. With a 3x leveraged product, once the direction is wrong, the volatility can expand very quickly.
At this level, I won’t chase. If you want to participate, wait for a pullback to 16.8–17.0 and see whether it can hold there before deciding. Let it choose its direction first.
#koru $KORU