$SEI 1h Two levels are doing the arguing here: 0.0599-0.0602 demand underneath, 0.0636 of buy-side liquidity sitting above. Buyers rebounded off the lows and fresh longs are showing up, but price is still under the falling 200 EMA, so this stays a countertrend bounce until proven otherwise. Hold the demand zone and the rebound likely reaches for 0.0636. Lose it and the recent low comes back into play. Invalidation: 0.0594
Peter -CTShare
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