$KORU got hit pretty damn hard today đ»
Price is now losing the MA200 on the 4H chart, which is an important level for the current structure.
If sellers keep control from here, Iâm watching $17 â $16 as the next downside zone
That move could come pretty quickly if MA200 fails to reclaim.
But honestly, chasing the dip here is risky af.
For anyone playing the short side, Iâd keep the stop-loss around $19.30.
If #KORU reclaims that area, the bearish setup starts getting weaker.
For now, sellers have the upper hand. đ
MA200 lost â $17â16 in focus â $19.30 = key invalidation.
#Korea
Price is now losing the MA200 on the 4H chart, which is an important level for the current structure.
If sellers keep control from here, Iâm watching $17 â $16 as the next downside zone
That move could come pretty quickly if MA200 fails to reclaim.
But honestly, chasing the dip here is risky af.
For anyone playing the short side, Iâd keep the stop-loss around $19.30.
If #KORU reclaims that area, the bearish setup starts getting weaker.
For now, sellers have the upper hand. đ
MA200 lost â $17â16 in focus â $19.30 = key invalidation.
#Korea