source avatarTrader Steve

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$KORU bounced off its low after a month-long collapse. I'm not buying it. My lean is short, and I'm waiting for the bounce to reach an overhead resistance zone before selling. The catch: two of my four technical reads still point up. The daily and 12h charts sit below every major moving average. This bounce has pushed into the expensive half of the drop. Why I lean short: - Higher timeframes are one-way down. - Volume faded as price rose, and the 15m shows bearish momentum divergence into the high. - The sell zone stacks a gap left by the selloff, a 62-70% retracement, and the 4h mid-term average. From an ICT view, price is filling a gap the 12h crash skipped. In downtrends, supply tends to return mid-gap, where those levels agree. A sweep above the recent bounce high, then a close back below the zone on the 15m or 1h, is my trigger. I'm wrong if the bounce reclaims more than half the drop and the 4h holds above that level. Two 12h closes above the 12h short-term average would also end the short read. Risks: tonight's US CPI print could spike the bounce. And KORU is 3x leveraged, so decay and overnight gaps can hit hard. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.

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