Support and Resistance Trade Set-Up for MTL/BTC [Quick Updates]

BINANCE:MTLBTC   Metal / Bitcoin
Hey all, here’s another entry on my tradingview series called 'Quick Updates'.

After a beautiful last trade on MTL , we can continue our momentum with another support and resistance trade. This time, we will use the previous support as new resistance using a concept called S/R flip. During a support and resistance flip, an old support level can "flip" and be transformed into a new level of resistance.

--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.

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- Trading Guru

This post does not provide financial advice. It is for educational purposes only!

Look here for the previous trade on MTL:
Step-by-step guide to the new 20% Discount on Binance:

Crypto scanner on Telegram (8500+ members):

Forex + GOLD scanner (1000+):


good setup
I will be posting more of these regularly, so follow me to find out about great trading opportunities
How would you have charted this? Feel free to post a link to your own idea here as well
I’m curious to hear your thoughts! Let’s make use of the fantastic tradingview community and give each other feedback.
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