Price could not break down trend line and most likely price action would be to visit back the range between 1,6 and 1,84 USDT. Wait for confirmation below 2,39.
If 2,39 stands and price manages to break the upper trend line, target would be between 3,94 and 4,6 USDT.
$MTRG has had a beautiful last 2 months but recently saw a pullback, and is now seeing big selling power near the mid-4s.
This bearish engulfing tweezer at the significant former support is very bearish, plus the slightly above average sell volume. Add the RSI support trendline break and retest, and a deeper pullback looks imminent.
