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$KORU It dropped 28% in one day, crashing from 1105 down to 701 before stopping. Is this shady whale dumping and running away? The trading volume of 56 million dollars shows someone is taking over, but are they buying flying knives or pies?
Let's first analyze what this data means. The highest in 24 hours was 1105, the lowest 701, now it's 765, which is like jumping off a cliff from the top, bouncing halfway down. A 28% drop isn't a small disturbance; usually, a 15% daily decline in a coin indicates panic. This is a double blow from the whales smashing the market and retail investors trampling over each other.
The key is the trading volume: 56 million dollars, which converts to nearly 400 million RMB, indicating strong selling pressure but also many buyers stepping in. The bulls and bears are fighting over the 701-765 range. If it doesn't break 701 today, it might be a short-term bottom; if it breaks, don't hesitate—just run.
Let's use a real-world analogy: your local fruit stand usually sells cherries at 100 yuan per jin, but suddenly they’re selling at 30% off. Do you rush in to grab or suspect rotten fruit? $KORU is in this situation now.
There are two possibilities for the whales: one, they are clearing out and transitioning, which could lead to further sharp drops; two, they are shaking out and absorbing orders, and after the shakeout, it will rebound. How to judge? Watch if it can stay above 900 in the next two days. If it bounces back to around 900 and then leaks, that’s a sign of distribution; if it stays above 800 steadily, there might be a second wave.
Operational advice: if you want to bottom fish, don’t go all-in. Take about 10% of your position and buy at 750-780, with a stop-loss at 695—if it breaks, run. First take profit target at 880, second at 950. Brothers with heavy positions, cut your position in half above 800—don’t wait to break even, protect your principal first.
For contract traders, don’t go long or short now—this volatility can blow you up so badly even your mom won’t recognize you.
Remember, this is the most severe time of information asymmetry. The data is transparent, but you can’t see the whales’ cards. If you don’t understand something, ask in the comments. I’ll watch the market and help you check the indicators.