Insider here. In this drop, I’m watching just two things.
KORU—here’s the bottom line: the structure is slightly bullish, but it’s unconfirmed. I’m not betting on a direction at this level.
Down 22.04% over 24 hours, with $841 million in trading volume. A sharp drop, but the taker buy/sell ratio is 1.09, so buyers are still pushing—short-term momentum is somewhat bullish, but it needs one more push. The top trader long/short ratio is 8.74, with 89.7% of top trader accounts long. Top traders are extremely bullish. But the more extreme this figure gets, the less inclined I am to chase a falling price. What really keeps me from drawing a firm conclusion is this: taker buying is dominant and top traders are adding to longs, yet the price still hasn’t broken above 13.66. Buyers are pushing, but the price isn’t following.
The key levels are clear. A break below 13.44 means this accumulation was a fake, and I’ll turn bearish; holding above 13.66 would show buyers are genuinely supporting the price, and I’ll turn bullish. Neither level has been reached yet, so I’m waiting in the middle.
Since my last post, the price has fallen from 18.77 to 13.51, down 28.02%. No one holding KORU has had an easy ride. I may be reading too much into it again; if the data changes, I’ll say so plainly.
I don’t guess the direction; I only calculate the odds and the cost.
— Insider Jun · Post #5 today. Disagree? Push back—I’m open to it.
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