“This is a shakeout; there’s no supply below 7.1”

I’ve heard that three times in two days, and it sounds more and more like wishful thinking
Q: From 8.734 down to 7.135, who’s doing the shakeout?
A: Two bars with 2.37x volume, dumping consecutively at 22:00 and 23:00
Q: After that dump, shouldn’t it bounce?
A: It topped at 7.734; after dropping 1.6, it recovered only 37%
Q: It’s moving sideways on lower volume now—isn’t that a bottom?
A: 0.05 to 0.16x volume; six bars combined don’t even equal one average-volume bar
Sideways trading with no buyers is a vacuum, not a bottom
Now $KORU 7.375, with the moving average at 7.4474 overhead
Get above it before talking; if 7.135 breaks, don’t make excuses
(Not investment advice; trade at your own risk)