$KORU At around 16.89, it's exactly stuck in the middle of the move between 16.13 and 17.55.
First, the conclusion: I won’t chase this position; the direction hasn’t been chosen yet.
In the short term, momentum is indeed weak—on the four-hour chart the bias is downward, price is being held down by two short moving averages. Last week it surged to 17.55 and then got slapped back. Each bounce has been lower than the last, and the bears’ argument holds water.
But the derivatives market looks off. The aggressive order volume rose for seven hours and increased by a quarter. Buy orders are pressing over sell orders. Big accounts’ long/short ratio and positions are both stacked above 2.5 and still keep adding—this doesn’t look like capital is withdrawing. It looks like someone is betting on a rebound.
The issue is right here: momentum is moving downward, but money is moving back upward. It’s a fight on both ends. I’d rather interpret it as turnover of chips—both sides are placing bets, and who wins depends on the volume to come.
So either reclaim above 17.55 with volume and then go long, or if it breaks below 16.13, then follow the short. Chasing either side while stuck in the middle feels awkward. Let it answer for itself first.
#koru $KORU
First, the conclusion: I won’t chase this position; the direction hasn’t been chosen yet.
In the short term, momentum is indeed weak—on the four-hour chart the bias is downward, price is being held down by two short moving averages. Last week it surged to 17.55 and then got slapped back. Each bounce has been lower than the last, and the bears’ argument holds water.
But the derivatives market looks off. The aggressive order volume rose for seven hours and increased by a quarter. Buy orders are pressing over sell orders. Big accounts’ long/short ratio and positions are both stacked above 2.5 and still keep adding—this doesn’t look like capital is withdrawing. It looks like someone is betting on a rebound.
The issue is right here: momentum is moving downward, but money is moving back upward. It’s a fight on both ends. I’d rather interpret it as turnover of chips—both sides are placing bets, and who wins depends on the volume to come.
So either reclaim above 17.55 with volume and then go long, or if it breaks below 16.13, then follow the short. Chasing either side while stuck in the middle feels awkward. Let it answer for itself first.
#koru $KORU