$EWY iShares MSCI South Korea ETF Dips to 119.89 – Short-Term Bounce Setup? Trade EWYUSDT Now!

The iShares MSCI South Korea ETF (EWY) is currently trading at 119.89 USDT, down 0.31% in the last session. After hitting a 24h high of 120.75 and low of 119.76, the price has pulled back sharply from the recent peak of 139.88.

Looking at the 1D chart on Binance Square:

Price is testing strong support near 119.76–119.89 zone

Multiple red candles show selling pressure, but the drop is slowing with smaller bodies

EMA(8) at 124.14 and EMA(13) at 127.47 are still above price, indicating short-term bearish bias

Stochastic shows K:11.01 / D:23.76 with J:-14.50 – deeply oversold territory

RSI(6) at 22.15 confirms extreme oversold conditions

Forecast & Trade Idea:

With RSI and Stochastic screaming oversold, a short-term relief bounce looks probable.

Recommended Long Setup (Scalp/Swing):

Entry: Buy around 119.80 – 120.00

Take Profit: 123.18 (first target) → 127.61 (extended)

Stop Loss: 118.50 (tight risk below today's low)

Risk-reward looks attractive for a quick bounce play before potential retest of higher EMAs.

South Korea ETF showing classic oversold reversal signals – perfect for traders hunting mean-reversion moves in this volatile market!

Always use proper risk management. Trade responsibly.

What do you think – ready for the bounce or waiting for breakdown? Drop your thoughts below! 👇

#EWY #EWYUSDT #SouthKoreaETF #iShares #MSCI #TradingSetup #BinanceSquare #CryptoETF #TechnicalAnalysis #OversoldBounce