The two spikes didn’t hit the price—they hit the stop-losses sitting there

Last night from 21:00 to 22:00, $KORU plunged from 8.035 to 7.63
1.9 million shares, 1.96 million shares—2.1 and 2.2 times average volume
It snapped right back after the dump, closing at 7.993 at 22:00, leaving a 0.36 wick
It’s a 3x leveraged Korean ETF; the underlying moved just over 1%, but this dropped five
Everyone with tight stops got taken out by those two candles (I nearly did too)
For the next six hours, it churned between 8.0 and 8.27, with volume falling to just over a third
Nobody was watching during the lull, then one 1.14-million-share candle lifted it to 8.473 at 07:00
Now it’s at 8.71, with the 24-hour high just above at 8.714
If you chase this price, your stop has to go below 8.30, meaning a 4.7% loss as soon as you enter
Wait for a pullback to 8.47 to hold before trying; stop at 8.30, target 8.958, risk/reward 2.9
If it breaks below 8.30, take the loss; prices pumped after hours don’t count
(Not investment advice; trade at your own risk)