Distribution Break Stop Out Setup POC Shift Long
At the 58.13 Volume Node, we looked for a bounce back to the upside when buyers showed support after the POC shift. First trade at 58.21 was stopped out with downward momentum as supply entered the market on the break of the low of the overnight distribution.
Price found support between the 57.60 Volume Nodes and prior evident supply was exhausted. POC shift again in support of the buyers setup the 57.77 long.
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