SasanSeifi|Metis Analysis: Potential Breakout Ahead?

In the 10-hour timeframe, as you can see, The price has touched the downward trend line four times and is now trading around the critical $32 level. Given the previous interactions with the trend line, a breakout seems possible.

If the trend line is broken, we can expect the price to rise towards targets around $35, followed by a potential further increase to the $37-$38 range after a minor correction. To understand the ongoing trend better, observe how the price reacts to the $35 level. Key support is at $29-$28.

This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊

Note

🚀As you can see, with the breakout from the downward trend line, the price has grown almost 9.50% to around the $35 mark.

Trade active

Hey everyone! As you can see, following the breakout from the downward trend line, we’ve seen an impressive 18% growth so far. I hope you’ve made the most of this opportunity—it's been a really great rise!🍻🚀🤑✌
The price could still climb up to $39-$40.

Trade closed: target reached

✅ done 21% 💰🍻

SasanSeifi

Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.