$MEITUAN is trading around $10.40, up 1.58% with $2.56M in volume. Buyers have the short-term edge, but the move is still relatively controlled rather than an aggressive breakout. My bias is mildly bullish while price holds the current area. I’d look for continued buying or a pullback that holds support before considering a long. A rejection and move back below the current trading zone would weaken the setup.
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