🔥
$KORUB 1H: Bulls Reclaim the Trend — Is the Recovery Just Getting Started?
📊 Timeframe: 1H
📊 Market Bias: Bullish
$KORUB has staged a strong recovery from the 10.40 low and is now trading above MA(7), MA(25), and MA(99). The reclaim of the long-term moving average suggests improving momentum, but price is approaching a key resistance area.
🎯 Trade Setup
🟢 Trade: LONG (Retest Preferred)
Entry Zone: 15.75 – 15.95
Stop Loss: 15.10
TP1: 16.45
TP2: 17.20
TP3: 18.00
Risk : Reward: ~1:3
Trade Invalidation: A confirmed 1H close below 15.10 with increasing selling volume.
📈 Technical Analysis
✅ Price Action: Strong V-shaped recovery with consecutive higher highs and higher lows.
✅ Market Structure: Bullish structure confirmed after reclaiming the key moving averages.
✅ Support: 15.50–15.70, then 15.10.
✅ Resistance: 16.45, 17.20, and 18.00.
✅ EMA/MA: Price is trading above MA(7), MA(25), and has reclaimed MA(99), indicating a positive momentum shift.
✅ Volume: Breakout occurred with increased buying activity, though volume has eased during consolidation.
✅ SMC: Sell-side liquidity near 10.40 appears to have been swept. The next liquidity pool sits above 16.45.
✅ Order Block: Bullish demand remains around 15.20–15.60.
✅ FVG: The impulsive rally likely created a bullish imbalance below current price that could be revisited before another push higher.
#KORUB #KoruBit #KORUBUSDT #BinanceSquareTalks #BinanceSquareFamily