$KORU is in a major downtrend on the 4-hour timeframe, but is currently experiencing an aggressive short-term relief rally on the 1-hour chart.
It has surged vertically from 9.8 to 11.8, becoming extremely extended.
Going long at this resistance level is very risky. A safer approach is to wait for a higher liquidity sweep and short the rally, or wait for a deep structural pullback to catch a bounce.
$KORU Short Strategy (shorting the overextended rally): Priority 60%
· Short entry: 11.8 - 12.5
· Stop-loss: Above 12.8
· Take-profit: 10.8, 10.0
$KORU Long Strategy (buying a deep pullback): Priority 40%
· Long entry: 10.0 - 10.5
(This is the base of the recent vertical rally and the previous consolidation zone.)
· Stop-loss: Below 9.5
· Take-profit: 11.0, 11.8
Support me—just trade here 👇#koru
It has surged vertically from 9.8 to 11.8, becoming extremely extended.
Going long at this resistance level is very risky. A safer approach is to wait for a higher liquidity sweep and short the rally, or wait for a deep structural pullback to catch a bounce.
$KORU Short Strategy (shorting the overextended rally): Priority 60%
· Short entry: 11.8 - 12.5
· Stop-loss: Above 12.8
· Take-profit: 10.8, 10.0
$KORU Long Strategy (buying a deep pullback): Priority 40%
· Long entry: 10.0 - 10.5
(This is the base of the recent vertical rally and the previous consolidation zone.)
· Stop-loss: Below 9.5
· Take-profit: 11.0, 11.8
Support me—just trade here 👇#koru