$KORUG

‌
The market structure has recently shifted from a downtrend to a strong bullish momentum, evidenced by the price breaking above the middle Bollinger Band and establishing a higher low around the 6.237 level before aggressively pushing upward to a 24h high of 7.943.

The current price action shows a consolidation phase after a sharp rally; the price is currently trading at 7.591, which is slightly below the upper Bollinger Band (7.921) but well above the middle band (7.648), indicating a bullish bias but with potential for short-term exhaustion as the candles transition from strong green to smaller mixed bodies.

I predict that the price will likely test the immediate support zone around the middle Bollinger Band (7.648) and the MA5 level; if this support holds, we could see a continuation toward the recent high of 7.943, but a breakdown below 7.60 would signal a retracement toward the 7.374 lower band.

The recent candles exhibit a "Spinning Top" or "Doji" characteristic at the top of the trend, suggesting indecision between buyers and sellers, while the previous strong green candles indicate that buyers are still in control of the broader move.

What Trade Plan I Follow and Why

I will follow a trend-following pullback strategy; I choose this because the MACD is still positive (DIF 0.141 above DEA 0.161, though momentum is flattening), and the moving averages (MA5 and MA10) are providing dynamic support, making a "buy the dip" approach safer than chasing the high.

When I Start My Trade

I will start my trade only if the price retraces to the 7.600–7.648 zone and shows a bullish rejection candle (like a hammer or engulfing pattern) with low volume, confirming that the support level is holding.

Bullish Continuation (with caution): The trend is up, but the current consolidation suggests waiting for a better entry point near support rather than buying at the current mid-range level; set a tight stop-loss below 7.374 to manage risk.