#MTL
The price chose the downward channel to the upside, and the channel has now been retested again at the 1.65 level, and it is expected to bounce back up.
We have an uptrend on RSI
We have a higher stability moving average of 100
Entry price is 1.65
The first goal is 1.27
Second goal 1.83
Third goal 1.98
#
i expect there will be a correction move we have very important and strong support zone and we are in over sold area MACD is showing bullish RSI showing bullish EMAs is neutral ZELMA is showing uptrend-move Ichimoku cloud is neutral Fib retracement is showing bullish Accumulation distribution is bullish buy and hold it to the next targets at the chart
For today we have prepared the following trading idea:
Trade with x10 leverage
Long MTL/USDT
➡️Entry: 1.3497
✅Targets: 1.3777(50%) - 1.4095(25%) - 1.4429(25%)
❌Stop Loss: 1.3067
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Everything on the chart.
open pos: market and lower
target: 3.7 - 4.7 - 5.7
after first target reached move ur stop to breakeven
stop: ~under 2.5 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 5
risk is justified
Good luck everyone!
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TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
