moon333

MTLUSDT hitting the $0.35 and EMA 50 support | Upto 33% expected

Long
BINANCE:MTLUSDT   Metal / TetherUS
By the grace of Allah the most high my previous chart of MTLUSDT:
has produced more than 64% profit.

Now the priceline of Metal / Tether US got breakout the $0.3500 resistance and now retesting this resistance as support in the meanwhile the price action is also hitting the 50 moving average exponential support.
This support should be used as stop loss in case of complete candle stick closes below this support.
MACD is strong bearish and stochastic is close to oversold and in bear cross.
We can wait for MACD to turn weak bearish and for stochastic to give bull cross for buying signals.
I have used Fibonacci sequence to set the targets:

Sell between: 0.4074 to 0.4681


Regards,
Atif Akbar (moon333)

Trade closed: target reached
Atif Akbar

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