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METIS / TetherUS

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METISUSDT trade ideas

Metis back in demandMetis reminds me of averaging into a value stock at this point, albeit more volatile. The overall trend is definitely up, but with extreme leverage in play. For longer-term minded holders this demand zone is a great buying opportunity. For shorter-term traders this offers a great spot for swing trades utilizing other metrics. Short-Term: If I were playing this short term I would be shorting this to 74-72$, I expect another revisit to the bottom of the demand zone (red dashed line) Long-Term: Averaging in between 72-82$ over several weeks. Eventually we will retest this green Fibonacci, and thus my target of 143 which we have wicked to. There is very little resistance past this point, then onwards to 235$. Expect turbulence and fear in the coming weeks though. Some major scam wicks/brutal blood is on the horizon I feel.
Long
by Apollo_CB
METIS is Very BullishIt looks like we have an ABC on the chart. Wave B has just ended and we are now entering Wave C. We are at the beginning of wave C. Wave B looks like a triangle. We have identified two short-term targets for METIS. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
METIS Analysis: Support Tests Amid Market Shakeout & BTC Bull As Bitcoin displays bullish momentum, attention shifts towards potential profit migration into lower cap coins like METIS. This brief analysis explores METIS's current testing of crucial rib level support amidst a market shakeout. We investigate whether this phase is a precursor to broader interest as investors seek to capitalize on volatility. With BTC's rise, the allure of diversifying into altcoins with promising technical setups becomes increasingly compelling. This report offers a succinct overview of METIS's position, evaluating if the ongoing support test signifies a ripe opportunity for those looking to pivot profits from BTC's rally into emerging assets. Ideal for investors eyeing strategic entries in the evolving crypto landscape
Long
by avishaarlind
METIS/USDT | 1W 👀The upward movement has locally slowed down, especially around the resistance line. Overbought conditions still persist, indicating potential for a reversal. To witness a more significant continuation of the uptrend, we'll first need to break above $129 and sustain above the resistance level. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of Metis. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Metis #Investment #METIS
by Nyskohuz
1
Metisusdt trading ideaWe identified a potential Head and Shoulders (H&S) bearish reversal pattern forming, which signifies a potential trend reversal from bullish to bearish. Should the price decisively breach the pattern's neckline downward, it would confirm the pattern's activation, with the objective target delineated on the provided chart. t is noteworthy that the formation's right shoulder may extend; thus, if the price sustains within the designated distribution zone, the pattern's predictive validity remains intact. However, a price closure above the $117 threshold would negate the bearish thesis, rendering the sell-off strategy invalid. Exercising diligence and closely monitor the two pivotal levels: the neckline and the upper boundary of the sell-off zone. Contributions and insights on this analysis are welcomed and valued.
by weslad
1