We have a lovely set up here, currently orbiting around the distribution zone, we need to decide on direction. I am happy to pinch the longs, and the technical set up presented here gives you a good opportunity to buy on demand.
-We hit major moving average support
-We saw demand characteristics when we hit this technical level
-We are still seated firmly in distribution and buying here likely puts in line with the current trend paradigm
-We can tight SL due to the trend we have here.
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