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$KORU At 19.31, it’s down 13.6% over the past 24 hours, with trading volume of $930M? These numbers look exciting, but I advise you not to touch it. If you stare at the K-line for even one more second, you’re already losing.
Why? The low at 19.29 has already been touched. The high of 23.39 shrank down to 19.31— the 13.6% drop is no joke. With $930M in trading volume, retail investors are all cutting losses and fleeing. I’m using real data: since the all-time high, this coin is down by nearly 70%. Every so-called rebound is a trap to trap people. You think it’s a bargain bottom—actually it’s the one left holding the bag. The whales already pumped and distributed in that move to 23.39; what’s left is nothing but retail investor corpses.
But if you insist on trying, lock onto three conditions:
1) Only if it breaks above 21.50 and holds there with increased volume could there be a short-term move; otherwise, don’t touch it.
2) Your position size must be kept below 1%; don’t risk your principal on a coin that can’t even find support for another run.
3) Set your stop-loss at 18.80. This is the psychological line—if it breaks, clear the position immediately; don’t fantasize that it will rebound.
Trading advice: At the current price of 19.31, only consider entering after 21.50 has been confirmed to hold above. For take-profit, first look at 23.00; get greedy and hit 24.20, then exit the position. If it breaks below 19.29, reduce exposure immediately. If you’re already in cash, keep watching—don’t get itchy and make a move.
I’m the blogger who lost at Gate for half a year before it finally clicked. Follow me if you want, but don’t go touch coins like this just to chase likes. If you don’t want your account to be left with a single line—“I told you so”—when 18.80 breaks, then remember this: the only people who survive this wave are the ones who know how to use stop-loss. Either wait until 21.50 to act, or miss it—either way, you don’t lose.