SasanSeifi| Will the Price Move Towards $60?
Hey there,✌On the daily timeframe 
METISUSDT, as you can see, the price encountered a correction after reaching the supply zone. After this correction, the price faced an increase in demand around the $35 level and is now trading within the important supply zone at $46.
The mid-term analysis suggests that the market trend is more likely to move upwards. If the price successfully breaks through the supply zone and stabilizes above the $48 level, it is expected that the price will move towards higher levels, such as $53. After this move, there might be a negative reaction and the formation of a range zone, followed by a pullback, after which the price could reach higher levels such as $60 and even $66.
From a mid-term perspective, if the price reaches the $60 level, observing the price reaction at this level can help us gain a better understanding of the future trend. If we see demand at this level, it is likely that in the long term, the price could reach its long-term target of $75, experiencing significant growth. The short-term support zone for the price is currently between $43 and $40, which can be considered.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
METISUSDT, as you can see, the price encountered a correction after reaching the supply zone. After this correction, the price faced an increase in demand around the $35 level and is now trading within the important supply zone at $46.The mid-term analysis suggests that the market trend is more likely to move upwards. If the price successfully breaks through the supply zone and stabilizes above the $48 level, it is expected that the price will move towards higher levels, such as $53. After this move, there might be a negative reaction and the formation of a range zone, followed by a pullback, after which the price could reach higher levels such as $60 and even $66.
From a mid-term perspective, if the price reaches the $60 level, observing the price reaction at this level can help us gain a better understanding of the future trend. If we see demand at this level, it is likely that in the long term, the price could reach its long-term target of $75, experiencing significant growth. The short-term support zone for the price is currently between $43 and $40, which can be considered.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Follow Your Own Trading Plan!
😍 Join our free Telegram Channel for more analysis
💰Telegram: t.me/Forex_Crypto_Signal_Free_VIP🙌
🌎Website (Persian): FiboTech.Trade
😍 Join our free Telegram Channel for more analysis
💰Telegram: t.me/Forex_Crypto_Signal_Free_VIP🙌
🌎Website (Persian): FiboTech.Trade
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.