$KORUB
While late chasers buy into local momentum spikes, this 4-hour chart on $KORUB (South Korea Bull 3X ETF) is executing a short-term trend recovery following a sharp sweep to range lows.
After carving out a local bottom at $9.75, price staged an aggressive V-shaped impulse, breaking back above both the MA(7) at $11.70 and MA(25) at $11.16, currently trading around $12.25. The price action is compressing directly beneath the downward-sloping MA(99) resistance level at $16.54.
Holding above the MA(7) support level at $11.70 keeps the bullish recovery structure active, targeting initial resistance toward $13.84 and the major overhead moving average at $16.54. A drop back below $11.70 invalidates immediate momentum and opens downside risk back toward $9.75.
Don't buy leveraged ETF spikes blindly—wait for moving average retests or volume confirmation before positioning.
#KORUB
While late chasers buy into local momentum spikes, this 4-hour chart on $KORUB (South Korea Bull 3X ETF) is executing a short-term trend recovery following a sharp sweep to range lows.
After carving out a local bottom at $9.75, price staged an aggressive V-shaped impulse, breaking back above both the MA(7) at $11.70 and MA(25) at $11.16, currently trading around $12.25. The price action is compressing directly beneath the downward-sloping MA(99) resistance level at $16.54.
Holding above the MA(7) support level at $11.70 keeps the bullish recovery structure active, targeting initial resistance toward $13.84 and the major overhead moving average at $16.54. A drop back below $11.70 invalidates immediate momentum and opens downside risk back toward $9.75.
Don't buy leveraged ETF spikes blindly—wait for moving average retests or volume confirmation before positioning.
#KORUB