MTL / BTC LONG (7.8 Risk/Reward)
Updated
Very exciting project. It is a payment processor that returns 5% back in crypto currency MTL -1.32% -1.32% for all transactions received/sent. Beta of metalpay app releasing by the end of March. They are waiting for regulators to give the green light, and are aiming to be available for common US bank accounts in all 50 states by the end of summer.
I've been talking a lot about MTL -1.32% -1.32% , and I was hoping to post a very straightforward trade for those following along. MTL -1.32% -1.32% looks to be painting a bull pennant with a measured move that lines up with key resistance and support zones from the larger triangle formation. While it is early and the pennant may be invalidated, there is a clear zone for stop loss and high upside to give a very nice risk:reward. I tried to make the entry and stops similar to where I would put them for myself. Happy trading!
I've been talking a lot about MTL -1.32% -1.32% , and I was hoping to post a very straightforward trade for those following along. MTL -1.32% -1.32% looks to be painting a bull pennant with a measured move that lines up with key resistance and support zones from the larger triangle formation. While it is early and the pennant may be invalidated, there is a clear zone for stop loss and high upside to give a very nice risk:reward. I tried to make the entry and stops similar to where I would put them for myself. Happy trading!
Note
Bullish pennant mentioned above:Note
Progression of pennant, chance of entry due to bullish falling wedge pattern:Trade active
Note
Trade closed: stop reached
Breakdown of any bullish formation on short time frame. If we hold above 52k sats, I will be bullish mid term, and will post a followup trade.Note
Invalidated. New Trade!
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