$KORU Now 17.41, and we've climbed back up close to the 24-hour high. The script really hasn’t changed at all.
Bounced back from that low at 16.1. On the 4-hour and daily timeframes, everything is still pointing up. Over the past 24 hours it’s added more than seven points, hugging the high. It looks like it can keep rising.
But the moment I take a look, the money still doesn’t feel right. The contract open interest increased by more than five points in a day, but over the past seven hours it turned and shrank. Net spot inflow for big orders is still zero. On the passive/active matching side, net sells are higher than net buys.
What stands out the most is the whales: the long side accounts for almost 70%, the ratio has been pulled above 2, and all of it is stacked on the long side. With this kind of positioning, when the market rises it can help push it, but if it can’t climb further, it turns into overhead pressure.
In plain terms, at this level chasing longs isn’t great in terms of value. The longs are already crowded, and the capital hasn’t given a fresh confirmation. Wait for a pullback and see whether it can hold that level before thinking about it again.
#koru $KORU
Bounced back from that low at 16.1. On the 4-hour and daily timeframes, everything is still pointing up. Over the past 24 hours it’s added more than seven points, hugging the high. It looks like it can keep rising.
But the moment I take a look, the money still doesn’t feel right. The contract open interest increased by more than five points in a day, but over the past seven hours it turned and shrank. Net spot inflow for big orders is still zero. On the passive/active matching side, net sells are higher than net buys.
What stands out the most is the whales: the long side accounts for almost 70%, the ratio has been pulled above 2, and all of it is stacked on the long side. With this kind of positioning, when the market rises it can help push it, but if it can’t climb further, it turns into overhead pressure.
In plain terms, at this level chasing longs isn’t great in terms of value. The longs are already crowded, and the capital hasn’t given a fresh confirmation. Wait for a pullback and see whether it can hold that level before thinking about it again.
#koru $KORU