This coin is being desisted from Bittrex (ref Bittrex market notices) - "The MTL market is being delisted on January 12th 2018."
maheswar81
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@greedylobster, Thanks mate. Just saw that. That is the reason for the hammer.
whoisthelorax
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@maheswar81, take a look at safex, sngls, bitshares, all of whom got delisted from bittrex. They all plunged 50%ish in value. then the traders took their metal to other exchanges and the price came right back within a week or two. (bitshares was longer i think but due to still being in downtrend)
maheswar81
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@whoisthelorax, You can trade on different exchanges. We are out as of now, we can revisit.
maheswar81
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@maheswar81, If you notice, 99% of our recommendations are based out of Bittrex exchange traded coins only.