Technical reasons for the trade:
→ Price spent a few days below the 1D 200MA before quickly powering back up on .
→ Confirmed div - Histogram and .
→ Fisher div + buy signal on 25th September.
→ OBV back above its 13EMA.
→ candle on the weekly.
✗ Price hasn't yet given us a nice market structure on the .
✗ Big VPVR notch below, if bulls don't step up and price fails to remain above the 1D 200MA - we could see a drop down to 682 sats .
✗ 1D 200MA has yet to be retested as support.
✓ Aggressive traders can look to long all pullbacks.
✓ Safer traders can look to long when/if 1D market structure is established.
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1W chart showing bullish engulfing candle reversal: