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828 buy-in $KORU is currently suffering a 24% loss, dropping 320 points in an hour, chasing high has already lost enough to buy three hot pots.
This thing is like抢特价菜 at the vegetable market: in the morning, the sign shows 1121, and aunties rush to buy madly, but then the vegetable vendor suddenly slashes the wholesale price to 804, leaving those holding leafy vegetables all stunned.
Now, is the 828 price a oversold rebound or a continuation of the decline? Looking at the 12.7M trading volume, it shows some people are still entering the market to catch falling knives.
My strategy: Don’t bottom fish in spot now, let the bullets fly for a while.
Wait until it stabilizes at 850 and breaks out with volume before considering entering with 10% of your position, with a stop loss set at 800.
If it breaks below 800, don’t hesitate, the next support is around 750.
For futures traders, shorting now is safer than going long, but don’t be greedy—take profits when it rebounds to the 870-880 zone.
Position size shouldn’t exceed 20%, as such volatility can wipe out your account with just one spike.
Data doesn’t lie; after a big drop, there’s usually a rebound or continued collapse—keep an eye on 800 as a testing point.
If you understand, give a like.