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$KORU $721, a single-day slaughter scene with a -32% drop, liquidation safety zone below 700, do you dare to catch the flying knife?
This round of KORU dropped from 1069 in a waterfall manner down to 701, with a trading volume of 96.7M indicating both bulls and bears are cutting losses and exiting.
Don't fantasize about bottom-fishing and getting rich quick; currently, the price is at 721, only 3% above the lowest point of 701.
Such a weak rebound can be pierced again at any time.
My discipline is simple: either wait for panic sell-offs with large orders below 700 to buy in, or wait for a rebound to 750 to confirm stability before entering on the right side.
Entering now is like betting that the market maker won't kill, but for coins with a daily volatility of 38%, market makers love to repeatedly wash out between 700-720.
Trading plan: place an order at 700.00 to enter with 10% of the position, set stop loss at 685.00 (admit mistake if it falls below previous low), and first target at 780.00.
If it rebounds to the 730-740 range but without volume, never chase the rally;
If volume breaks through 750, add 5% to the position but move the stop loss up to 720.
Remember: coins that drop -32% will never V-reverse; the 721 level and the 50-dollar range above and below are a meat grinder, and your position must be controlled to withstand two consecutive stop losses.
Interaction hook: voting, do you think KORU will hit 670 or 800 first tonight?
I bet on 670, waiting for your answers in the comments.
Personal tag: I am that retail investor who picks blood-stained chips during crashes; following my plan is just to see how an honest person doesn't lose money.
No trading outside the plan unless you have lots of money to burn.