$MUU LONG SETUP — I’m interested, but only if the pullback gives me the entry I want.
Looking at the 30m chart, $MUU has actually built a pretty decent short-term recovery structure. The important part for me isn’t the +3.39% shown on the screen. It’s what happened underneath that move.
Price first dropped toward 24.66, found buyers, started making higher lows, reclaimed the 25.90–26.00 area, and then accelerated toward 27.21. That tells me buyers have been willing to step in at increasingly higher prices.
But there’s one problem with buying at 26.86 right now: 27.21 is sitting directly above