$KORUB : Major Support Breakdown Confirmed on $KORUB Higher Timeframes
SHORT SETUP KORUB
Entry: $10.6500 - $10.7500
Stop Loss: $11.1280
Take Profit: $9.8440 (2R)
Key Levels: Support $10.5500 | Resistance $14.3000
Technical Analysis for $KORUB : RSI at 12.9 and Stochastic K near 1 signal extreme oversold conditions, yet the MACD sits at 0.77 below its 0.52 signal, producing a bearish histogram. Price sits under the 9, 21, 50 and 200EMA, confirming a downtrend, while ADX 46.5 shows strong trend strength and orderbook imbalance is 9.9 %. The indicators collectively point to shortside pressure.
Market Context: BTC is bearish on the 4h chart around $81.7k and the broader market is broadly negative, with 91% of assets red.
SHORT $KORUB
SHORT SETUP KORUB
Entry: $10.6500 - $10.7500
Stop Loss: $11.1280
Take Profit: $9.8440 (2R)
Key Levels: Support $10.5500 | Resistance $14.3000
Technical Analysis for $KORUB : RSI at 12.9 and Stochastic K near 1 signal extreme oversold conditions, yet the MACD sits at 0.77 below its 0.52 signal, producing a bearish histogram. Price sits under the 9, 21, 50 and 200EMA, confirming a downtrend, while ADX 46.5 shows strong trend strength and orderbook imbalance is 9.9 %. The indicators collectively point to shortside pressure.
Market Context: BTC is bearish on the 4h chart around $81.7k and the broader market is broadly negative, with 91% of assets red.
SHORT $KORUB