Trading-Guru
Long

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.

Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.

- Trading Guru

--------------------------------------------------------------
Disclaimer!
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:
https://www.100-eyes.com/20-percent-discount-on-binance

Crypto scanner on Telegram (8500+ members):
https://t.me/CryptoScanner100eyes

Forex + GOLD scanner (1000+): https://t.me/ForexScanner100eyes

Comments

good setup
Reply
I will be posting more of these regularly, so follow me to find out about great trading opportunities
Reply
How would you have charted this? Feel free to post a link to your own idea here as well
Reply
I’m curious to hear your thoughts! Let’s make use of the fantastic tradingview community and give each other feedback.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out