Bias: short-term neutral>bullish if 0.581 holds; mid-term neutral.
Market read:
BTC ≈ $110.6k, ETH ≈ $3.88k, SOL ≈ $193.1. Risk tone modestly positive.
DXY ≈ 99.0; USD/JPY ≈ 152.6; SPY ≈ 671.8; UST 10Y ≈ 4.00%. Liquidity backdrop acceptable.
MET status (T+~13h)
Price ≈ 0.58 with intraday reclaim attempts. Day-one range ~0.516–0.687. Fib from H→L: 0.552 (0.236 up from L), 0.577–0.581 cluster, 0.601, 0.621, 0.646. Your 5–15m charts show RSI>70, MACD crossing up, TRIX rising, DEMA≈0.581 acting as pivot. Expect supply near 0.581/0.597 and heavy inventory 0.55–0.58.
Levels:
Support: 0.566 → 0.559 → 0.545 → 0.515.
Resistance: 0.581 pivot → 0.597–0.601 → 0.621 → 0.646.
Setups and risk (1m/5m/15m/30m)
• Break-retest long: Confirm a 5–15m close ≥0.581, then entry on retest 0.573–0.581. SL 0.566. TP1 0.597–0.601, TP2 0.621, TP3 0.646.
• Fail-reclaim short: If rejection at 0.581 with RSI>75 and waning volume, short perps only; SL 0.586; TP 0.565 then 0.559.
• 30m bias flip: Two consecutive closes ≥0.581 with rising volume/OBV shift bias to constructive; below 0.566 momentum stalls back to 0.559–0.545.
• Execution: post-only limits on Jupiter/Meteora, slippage ≤0.5%. Risk ≤1R per attempt.
FA + flow:
Day-one unlock and broad venue access create two-sided flow; watch Solana beta and CEX listings for impulse. MET’s microcap relative to SOL/JUP/ME/GRASS implies higher variance; treat 0.581 as line-in-the-sand for continuation.
Plan:
If you are flat: only engage on 0.581 hold. If long from lower: trim 25–50% into 0.597–0.601, trail to 0.569, run remainder for 0.621/0.646. If 0.566 breaks on volume, step aside and reassess near 0.559/0.545.
Outlook:
bullish above 0.581 and strengthening into 0.601; neutral-to-bearish on failures back under 0.566.
Pine Script®
Market read:
BTC ≈ $110.6k, ETH ≈ $3.88k, SOL ≈ $193.1. Risk tone modestly positive.
DXY ≈ 99.0; USD/JPY ≈ 152.6; SPY ≈ 671.8; UST 10Y ≈ 4.00%. Liquidity backdrop acceptable.
MET status (T+~13h)
Price ≈ 0.58 with intraday reclaim attempts. Day-one range ~0.516–0.687. Fib from H→L: 0.552 (0.236 up from L), 0.577–0.581 cluster, 0.601, 0.621, 0.646. Your 5–15m charts show RSI>70, MACD crossing up, TRIX rising, DEMA≈0.581 acting as pivot. Expect supply near 0.581/0.597 and heavy inventory 0.55–0.58.
Levels:
Support: 0.566 → 0.559 → 0.545 → 0.515.
Resistance: 0.581 pivot → 0.597–0.601 → 0.621 → 0.646.
Setups and risk (1m/5m/15m/30m)
• Break-retest long: Confirm a 5–15m close ≥0.581, then entry on retest 0.573–0.581. SL 0.566. TP1 0.597–0.601, TP2 0.621, TP3 0.646.
• Fail-reclaim short: If rejection at 0.581 with RSI>75 and waning volume, short perps only; SL 0.586; TP 0.565 then 0.559.
• 30m bias flip: Two consecutive closes ≥0.581 with rising volume/OBV shift bias to constructive; below 0.566 momentum stalls back to 0.559–0.545.
• Execution: post-only limits on Jupiter/Meteora, slippage ≤0.5%. Risk ≤1R per attempt.
FA + flow:
Day-one unlock and broad venue access create two-sided flow; watch Solana beta and CEX listings for impulse. MET’s microcap relative to SOL/JUP/ME/GRASS implies higher variance; treat 0.581 as line-in-the-sand for continuation.
Plan:
If you are flat: only engage on 0.581 hold. If long from lower: trim 25–50% into 0.597–0.601, trail to 0.569, run remainder for 0.621/0.646. If 0.566 breaks on volume, step aside and reassess near 0.559/0.545.
Outlook:
bullish above 0.581 and strengthening into 0.601; neutral-to-bearish on failures back under 0.566.
For educational purposes; not financial advice.
Note
Closed trade @ $0.61 on my burner.Still holding LP position on another wallet.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.