Price getting stuck to the circle is a common theme among many charts
It is demonstrated here through a bottom formation, specifically a double bottom
The prior double bottom led to a pump within the falling wedge
Right now price has broken out of the falling wedge and has formed a double bottom
The sticky circle is also there
MTA 6H support is at ~$1.04
Enter 50% here
and try to set some buy orders near the support zone
If MTA holds above the trendline,
the Take-Profit target would be $1.14, $1.25, and $1.46
Cheers
Hello Traders. I hope you are having a wonderful day.
Today I want to share my thoughts on MTA. As you can see in the 4H timeframe, price broke out of the descending line and is making a pullback to it.
So in my opinion, it is a good position to open a long position.
Entry : 3.6$ Target : 5$ Stop loss : candle closes below the...
