MTL has struggled to break the 200SMA. As we can see, there have been 2 previous failed attempts directly at the 200SMA. We have broken back into the support zone which is known to inject a large buy volume. I expect another push to break through the 50MA and .618 FIB making a 3RD attempt at the 200SMA. Target 1 will be this 3rd hit at 3912 sats. This may form a triple top in this zone and push directly to target 2 above 5000 sats. Target 2 is a long hold 2-3 weeks+. I would consider taking partial profit again at T1.
Possible entry zone: 2800-3080 sats
Possible entry zone: 2800-3080 sats
Trade closed: target reached:
Both targets reached! +114% profit