Down another 5.12% in an hour, $KORUB is at 6.16. It’s already down 40.66% over the past 24 hours, and the current price is sitting right at the 24-hour low.
The most brutal thing about a drop like this is that it gives you no time to catch your breath—every hourly candle makes a new low. People who thought it had fallen enough yesterday are finding out today that there’s a basement beneath the floor. Even people sitting on the sidelines are feeling the stress: buy now and risk catching a falling knife, or wait and risk it suddenly bouncing.
My take is to watch for now: if 6.16 holds, it means the bears may be running out of steam, and I’ll reassess. If it doesn’t hold, there’s not much more to discuss—the price could fall further.
Those holding KORUB, be honest: are you more inclined to buy the dip or get out?
#KORUB #MarketAnalysis
The most brutal thing about a drop like this is that it gives you no time to catch your breath—every hourly candle makes a new low. People who thought it had fallen enough yesterday are finding out today that there’s a basement beneath the floor. Even people sitting on the sidelines are feeling the stress: buy now and risk catching a falling knife, or wait and risk it suddenly bouncing.
My take is to watch for now: if 6.16 holds, it means the bears may be running out of steam, and I’ll reassess. If it doesn’t hold, there’s not much more to discuss—the price could fall further.
Those holding KORUB, be honest: are you more inclined to buy the dip or get out?
#KORUB #MarketAnalysis